The stock market can be an exciting game with high stakes. On certain days, you may have the benefit 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 most productive. If you find yourself always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. We’ll be taking 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.
Overall Rating: 4.1/5 Profitly Roland Wolf
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The concept, he added, served two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students as well as) allowing everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly Roland Wolf
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to show your worth to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could opt to post your trades, either verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts via chatrooms along with 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 trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. At the age of 25, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Profitly Roland Wolf
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals 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 will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase of 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, text, e-mail, 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Roland Wolf
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your actions public. If you do want to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. This plan allows that you can create a private profile to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Profitly Roland Wolf
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, where customers can select from a variety of instructional videos that are created to help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be more laid back and less active, while another might be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products in its online store for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suited for them as it is for 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 and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Roland Wolf
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there’s the 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 simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. Profitly Roland Wolf
What we do mean”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Roland Wolf
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the “My Trade’ category of the dashboard which lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can detect who’s being dishonest in posting 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 most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
