Stock trading can be an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth in the market. We’ll take an in-depth look at Profit.ly is a well-known all-in-one 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 Deals
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast 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. Think of it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The concept, he added, served two objectives: one) creating public track records for not just the gurus and newsletter authors and students as well as) allowing everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly Deals
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving success. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial profits from their combined years of expertise. Profitly Deals
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Deals
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats that could be a problem for those anticipating this level. Profitly Deals
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. 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
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One might be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to improve 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-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Deals
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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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 yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Profitly Deals
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Deals
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade’ category of the dashboard. It lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is 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 unauthenticated trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.