Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your best. If you are constantly stuck in the gutter You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll take a look at Profit.ly, a well-recognized 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 Down Payment
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 enables traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit, but for experts 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 trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts and newsletter writers and students and secondly) allowing everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Down Payment
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete against 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 helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Profitly Down Payment
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 a few others. At the time of writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, email, text, 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 that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is a great option for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Down Payment
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone 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 get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
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 account that is private to share with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for some who may be anticipating this level. Profitly Down Payment
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. One of them may be more laid back and not very often active, while another might be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. 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 study from the gurus 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. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Profitly Down Payment
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you should have curiosity. Profitly Down Payment
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Profitly Down Payment
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the “My Trade section of the dashboard. It lets you record your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
