Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were at your best. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your growth in the industry. This review will be taking a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Per Diem
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative responsible, transparent, and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded 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 publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never done before.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter authors and students as well as) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Per Diem
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not just a way to show value to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts via chatrooms along with 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 trader who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of knowledge. Profitly Per Diem
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this 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 look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released weekly.
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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 the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Per Diem
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $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, which makes your actions public. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats this might be a drawback for those who are anticipating this level. Profitly Per Diem
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of these is its online store, where customers can select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be more laid back and less active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in 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 trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider 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 but the experts already know how it works along with the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profitly Per Diem
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have curiosity. Profitly Per Diem
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not only the struggling traders that will 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 be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Per Diem
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from 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 import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.