Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. If you are immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your growth in the market. This review will be taking a look at Profit.ly is a well-known one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Com
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Com
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared toward achievement. You may set up an account for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a large group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could opt to post your trades, either verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money through their years of experience. Profitly Com
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Com
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their skills in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to see the statistics of other traders, which could be a problem for those who are anticipating this level. Profitly Com
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, which includes an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a space where experts and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is rarely active, while another might be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to select from the products from its online store to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly Com
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, it is best to keep an open mind. Profitly Com
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and be more successful than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Com
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
