The stock market can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Dom
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers, and 2) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly Dom
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove value to a community of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array 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 earned substantial profits from their combined years of expertise. Profitly Dom
At its peak, Profit.ly had housed up to five gurus. Each of them a professional 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. As of this writing, there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Dom
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your hands on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of 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 associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those anticipating this level. Profitly Dom
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One might be a laid-back person who is less active, while another might be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Dom
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Profitly Dom
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Dom
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard which lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently on 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 develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
