The stock market can be an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to get back to where you were your peak. If you are always in the mud You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Mariana
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 various levels to be informative and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers as well as) making it possible for anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Mariana
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You can create an account for free, but you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to show value to a group of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile as well as other ways to interact with your experts in 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 has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of expertise. Profitly Mariana
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the 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 offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to an extensive collection of more than 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 goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Mariana
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile application, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge 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 previous lessons. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information 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 new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics this could be a problem for those looking forward to this tier. Profitly Mariana
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One of them may be laid back and less engaged, while another could be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers, 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 tips by its internal gurus and their members. Additionally, they can choose from the items on its store online for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters, the pros already understand the way it functions and the stack full of risks associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Mariana
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Mariana
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful when they try their best to reduce losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Mariana
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. 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 risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities left and right.
