Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be extremely 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 instinct and survival is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve identified an option that can help you in your growth in the industry. We’ll be taking the time to 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.
Total Rating: 4.1/5 Profitly Net Worth
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define 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 traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life connect with each other. 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 like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that was never prior to.” This idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly Net Worth
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as an opportunity for small businesses to transition to a large marketplace as they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their combined years of knowledge. Profitly Net Worth
At its height, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: 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 take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase 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 texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Net Worth
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this might be a drawback for those eager to try this new tier. Profitly Net Worth
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which allows users to select from a variety of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a area where experts and members trade 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. One might be more laid back and not very often engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able choose from the items from its online store for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the stack full of risks associated with it. Ideally, they may use Profit.ly’s range of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Profitly Net Worth
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the 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 instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Net Worth
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Net Worth
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and 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 whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.
