Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking a 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 On The Rise
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as 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 with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving all users to learn from the losses and wins to benefit the industry of trading. Profitly On The Rise
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You can create an account there at no cost, however you’re only limited to having 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 it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, verified or not, by taking photographs. In Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms 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 personality who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Profitly On The Rise
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated 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 when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly On The Rise
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats this might be a drawback for those who are eager to try this new tier. Profitly On The Rise
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range 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. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be laid back and less active, while another might be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works along with the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range 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 utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Profitly On The Rise
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you should have an open mind. Profitly On The Rise
What we mean”yes” is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s variety of resources helpful as they do their best to avoid losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly On The Rise
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all 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 help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.