Stock trading can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your peak. If you’re always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your improvement within the field. We’ll take an in-depth 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.
Overall Rating: 4.1/5 Profitly Mark Noll Meyer
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Think of it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea, he added, served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers as well as) allowing all users to gain insight into both losses and wins to benefit the industry of trading. Profitly Mark Noll Meyer
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account for free, but you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus 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.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the community of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop 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 played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, 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 experience. Profitly Mark Noll Meyer
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the 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 the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Mark Noll Meyer
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics that might be a drawback for those looking forward to this tier. Profitly Mark Noll Meyer
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be 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. However, in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One might be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products on its store online for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly Mark Noll Meyer
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Profitly Mark Noll Meyer
What we do mean”yes” is it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources useful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Mark Noll Meyer
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
