Stock trading can be a high-stakes game. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to the point you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Inside Out
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative responsible, transparent, and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” This idea was, he said, serving two objectives: one) making public records for everyone, not just the experts and newsletter authors and students, and 2) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Inside Out
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared at achieving success. You may set up an account there at no cost, however 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 interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. 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. It’s not just a way to show value to a community of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may choose to publish your trades, either verified or not, by taking photographs. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’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 allows them to access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their collective years of expertise. Profitly Inside Out
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: 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 look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is a great option for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Inside Out
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
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 world. When you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for those who are looking forward to this tier. Profitly Inside Out
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of 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 array of features and services. You are probably familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be a laid-back person who is rarely active, while another might be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may be. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Inside Out
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Profitly Inside Out
What we mean”yes” is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Inside Out
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- 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 through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.