Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to get back to where you were at your most productive. If you are always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you in your growth in the industry. This review will 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Subscriptions
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 permits traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus and newsletter authors and students as well as) allowing anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Subscriptions
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 success. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show value to a community of traders, but you can also utilize 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 are unsure about the idea of sharing the details of your broker account then you could opt to post your trades, either verified or not, via screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as 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 trader who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, 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 substantial amounts of money through their years of expertise. Profitly Subscriptions
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones 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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Subscriptions
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, stay tuned as we 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 package. It is in this plan that you are able to create an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for some who may be eager to try this new tier. Profitly Subscriptions
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can pick from a range of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One might be a laid-back person who is rarely active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can 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 from trading within the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Subscriptions
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Profitly Subscriptions
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful as they do their best to reduce loss 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 in the field!
If you really want to become a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Subscriptions
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
