Stock trading is an extremely risky game. Some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth in the industry. We’ll take the time to look at Profit.ly, a well-recognized one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Past Due Balance
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly Past Due Balance
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You may set up an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts in the chatroom, as well as 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 is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading is an opportunity for small companies to move into a larger market because they can access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for 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 amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of knowledge. Profitly Past Due Balance
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Past Due Balance
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers as well as an 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 up and running. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of The Novice package. In this plan, that you can set up a private profile to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ stats this could be a disadvantage for those anticipating this level. Profitly Past Due Balance
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity 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 an account that will give you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users select from a variety of video products created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be a laid-back person who is less active, while another may be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Past Due Balance
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many 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 get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Past Due Balance
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Past Due Balance
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
