Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Overall Rating: 4.1/5 Profitly Except For
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all 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 possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus, but also the students and newsletter writers as well as) allowing everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Except For
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences 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 it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to prove your worth to a group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile 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 guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of expertise. Profitly Except For
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: Founder as well as 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 the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Except For
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this might be a drawback for some who may be eager to try this new tier. Profitly Except For
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month which includes a 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to pick from a range of video products created to guide you through 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. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able choose from the items in its online store to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their trading skills. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Except For
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish 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 trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Profitly Except For
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Except For
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
