Stock trading is an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were your best. If you find yourself immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced 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 a platform that can support you in your improvement in the market. This review will take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Mid Market Account Executive
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine 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 then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept was, he said, serving two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly Mid Market Account Executive
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward the success of their business. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, 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 prove your worth to a group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or otherwise, through pictures. In Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of knowledge. Profitly Mid Market Account Executive
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most famous 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 this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices; texts, emails, 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. It costs $149.95 for a month this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Mid Market Account Executive
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also have access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
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 up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as 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, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. In this plan, that you can create an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for those who are eager to try this new tier. Profitly Mid Market Account Executive
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, with 22% off for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of 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 array of features and services. You are probably familiar with the chat room since you can find it throughout 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 place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they may be. You can also get hands-on experience trading on the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at managing trading, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their trading skills. 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 isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Profitly Mid Market Account Executive
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Profitly Mid Market Account Executive
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did 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!
If you truly want to become more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Mid Market Account Executive
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard which lets you post your trades that are verified or not. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
