The stock market can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your best. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement in the market. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Mid Year
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 allows traders of all levels to be informative, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as 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 an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Mid Year
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders. You can also 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 feel uneasy with the idea of sharing information about your account with a brokerage, you can decide to share your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to notifications via email or text 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 his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money through their years of expertise. Profitly Mid Year
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market 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 packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Mid Year
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create a private profile to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. While it’s nice however, there’s a crucial feature that is 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 looking forward to this tier. Profitly Mid Year
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month which includes an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange 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 a laid-back person who is rarely engaged, while another could be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for 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 has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to select from the products from its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance 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-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Profitly Mid Year
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Mid Year
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Profitly Mid Year
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the “My Trade category on the dashboard that allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as 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 because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.
