Stock trading can be an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. This review will be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Scam
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 allows traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people new to trading as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
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 honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students, and 2) allowing all users to gain insight into the losses and wins to benefit the industry of trading. Profitly Scam
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its gurus. You’re not just allowed to show that you’re worthy to the community of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts through the chatroom in addition to 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 trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of expertise. Profitly Scam
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Scam
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and email 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 that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking 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 tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a problem for some who may be anticipating this level. Profitly Scam
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products on its store online to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profitly Scam
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Profitly Scam
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and perform better 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!
So, if you genuinely want to become a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Scam
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
