The stock market can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you’re immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Lesson
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 enables traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are starting out as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept, he added, served two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers as well as) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Lesson
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. You can create an account there for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account you may decide to share your trades, either verified or otherwise, through photographs. In Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile and other methods to interact with your experts in the chatroom, as well as 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 personality who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, 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 vast array of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of knowledge. Profitly Lesson
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both 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 trading profits. Profitly Lesson
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those 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 SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in 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 you to take advantage of a majority of features from The Novice package. It is in this plan that you can set up a private profile to share with other associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders, which could be a disadvantage for those anticipating this level. Profitly Lesson
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month with 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all 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 array of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be laid back and less active, while another may be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profitly Lesson
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Profitly Lesson
What we mean”yes” is it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Lesson
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard that lets you post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.
