The stock market can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your peak. If you’re always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement within the field. This review will take a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profitly Stocksniper
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The concept was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profitly Stocksniper
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving success. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. 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 assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could decide to share your trades, verified or otherwise, through pictures. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, 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 earned substantial profits through their years of knowledge. Profitly Stocksniper
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the 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 take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase of 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 as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Stocksniper
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics that might be a drawback for some who may be anticipating this level. Profitly Stocksniper
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all the features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of these is its online store, where customers can select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage taken 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 array of features and services. You are probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be more laid back and less active, while another might be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able select from the products in its online store to carry with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at handling trading matters but the experts already know how it works along with the plethora of risks that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Profitly Stocksniper
Profit.ly’s Pros and Cons
The Pros
- 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 communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other 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 capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Profitly Stocksniper
What we mean”yes” is it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources useful when they try their best to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Stocksniper
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into 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 through a reliable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on 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 currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
