The stock market can be a high-stakes game. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to the point you were at your most productive. If you are always in the mud, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll take a look at Profit.ly A well-respected 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 Robinhoob
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad 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 an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two objectives: one) creating public track records for everyone, not just the experts, but also the students and newsletter writers as well as) giving all users to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Robinhoob
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account there for free, but you’re only given access to the leaderboards and monitor 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 will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their collective years of expertise. Profitly Robinhoob
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the 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 this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Robinhoob
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as 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 will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from the majority of features available in The Novice package. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ statistics that might be a drawback for those who are looking forward to this tier. Profitly Robinhoob
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off when billed annually This plan offers it all. You get full, no-holds-barred access to all features of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be the right choice 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 offer. One of those is its online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be more laid back and less engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly Robinhoob
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 a wealth of education tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Profitly Robinhoob
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better 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 really desire to be a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Robinhoob
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade section of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.