The stock market can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you find yourself always in the mud You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profitly Ncs
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students and secondly) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Profitly Ncs
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared toward achievement. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate your worth to a large group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus through the chatroom in addition to 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 trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned significant amounts of profit from their combined years of knowledge. Profitly Ncs
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder of the penny stock market 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 packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
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 on iOS as well as Android devices; texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Ncs
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get access to premium research reports and an IPO and earnings tracker.
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 resources to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this might be a drawback for some who may be anticipating this level. Profitly Ncs
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, 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 you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can choose from a wide array of videos that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One of them may be more laid back and not very often active, while another might be more interactive and online in their interactions with students. Think of chat rooms like 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 a large variety of stock traders, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can select from the products on its store online for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the risky mix that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Ncs
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, 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 diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Ncs
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than they did before. Not only struggling traders who will benefit 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 a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Ncs
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
