The stock market can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 Mid Cap Value
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Mid Cap Value
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving achievement. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not just a way to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can choose to publish your trades, verified or not, by taking pictures. Also included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom in addition to 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 efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of experience. Profitly Mid Cap Value
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
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 for iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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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 when he first started trading, Superman has amassed over $5.5 million in trading profits. Profitly Mid Cap Value
The Superman Alerts package is his 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 as well as the mobile application, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see the statistics of other traders that could be a disadvantage for those who are eager to try this new tier. Profitly Mid Cap Value
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, with a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be 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 a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products in its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with 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 assist them in the ever-changing trading process. Profitly Mid Cap Value
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, you should have curiosity. Profitly Mid Cap Value
What we do mean”yes” is that it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Mid Cap Value
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard which lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does 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 app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.