The stock market can be an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to return to where you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you to improve your performance within the field. We’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Profitly Logo
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools including trade verification, chat rooms, 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 those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Logo
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving achievement. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not just a way to show your worth to a group of traders, but you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, by taking photographs. Also 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 more ways to communicate with your gurus in the chatroom, in addition to 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 well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Profitly Logo
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Logo
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following, 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, as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. 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.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which might be a drawback for those anticipating this level. Profitly Logo
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One of them may be more laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. Additionally, they can select from the products on its store online that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Profitly Logo
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for a lot of its users
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Profitly Logo
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Logo
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic 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 can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
