Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to return to the point you were at your peak. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will be taking 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 Minus 2
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those new to trading as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Minus 2
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You can create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, either verified or not, via screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts through the chatroom 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 has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of knowledge. Profitly Minus 2
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most famous experts were 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 the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A single 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, as well as text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Minus 2
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you are able to create a private profile to share with other associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats that could be a disadvantage for those eager to try this new tier. Profitly Minus 2
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can select from a variety of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be more laid back and rarely active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able select from the products on its store online to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to 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 and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Profitly Minus 2
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks 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 video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep curiosity. Profitly Minus 2
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Minus 2
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.