The stock market can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to the point you were at your most productive. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Outside Lands
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative responsible, transparent, and uplifting with each other through its broad array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those new to trading as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus and newsletter writers and students, and 2) making it possible for all users to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Outside Lands
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, either verified or not, by taking pictures. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading is an opportunity for small businesses to transition to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, 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 through their years of experience. Profitly Outside Lands
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most famous experts included 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
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 will observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is a great option for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Outside Lands
The Superman Alerts package is his offer of the most essential features and trading alerts geared 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
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this package you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you can create an individual profile that allows you 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 catering for those looking to improve their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats that might be a drawback for those who are looking forward to this tier. Profitly Outside Lands
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month and 22% off for billing annually, this tier has everything. You will have full, unrestricted 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 a private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert 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 clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One of them may be more laid back and less active, while another may be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able select from the products in its online store that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Outside Lands
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Profitly Outside Lands
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s variety 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 that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly desire to be 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 could be a good choice to start.
FAQ Profitly Outside Lands
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade’ category of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting 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 as well as the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.