Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were your peak. If you find yourself always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. This review will be taking the time to 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.
Overall Rating: 4.1/5 Profitly Connor
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly Connor
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow 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 join one of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not just a way to demonstrate your worth to a community of traders. You are also able to use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may decide to share your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as 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 guru who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because they can access funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as 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 transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Profitly Connor
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: the founder of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Connor
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use many of the features of the Novice plan. It is in this plan that you can create a private profile to share with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ statistics this could be a disadvantage for those who are eager to try this new tier. Profitly Connor
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users select from a variety of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. One might be laid back and rarely engaged, while another could be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Profitly Connor
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Profitly Connor
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Connor
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the My Trade section of the dashboard. It allows you to post your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
