The stock market can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement within the field. This review will take the time to 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.
Total Rating: 4.1/5 Profitly Kroyrunner
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitly Kroyrunner
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. You may set up an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show your worth to a large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile, and more ways to interact with your experts through 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 trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. Profitly Kroyrunner
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: Founder and 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A purchase on its own of 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, 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 premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Kroyrunner
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. This plan allows that you can set up an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ stats that could be a problem for some who may be eager to try this new tier. Profitly Kroyrunner
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to pick from a range of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be laid back and rarely active, while another might be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Kroyrunner
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and 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 reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Kroyrunner
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful as they do their best to reduce losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Kroyrunner
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the My Trade category on the dashboard which lets you record your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
