The stock market can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your best. If you are immersed in the water You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known 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 Silver
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students, and 2) making it possible for all users to gain insight into both losses and wins to benefit the industry of trading. Profitly Silver
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not just a way to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile and other methods to connect with your gurus in the chatroom, 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 trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an avenue for small businesses to 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 an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made significant amounts of profit through their years of knowledge. Profitly Silver
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the prominent gurus 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for 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 profits. Profitly Silver
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail 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 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 lessonsthat include the growing collection of other previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you are able to create an account that is private 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 does what the name suggests: Cater people who want to improve their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this could be a problem for those who are eager to try this new tier. Profitly Silver
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as 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 trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, 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-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Profitly Silver
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach 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 abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many features the platform is able to offer
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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 this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Silver
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ Profitly Silver
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the My Trade section of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.