Stock trading is a high-stakes game. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were your peak. If you are constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve found an option that can help you to improve your performance in the industry. We’ll take the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Through The Week
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style 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 founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students, and 2) allowing everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Profitly Through The Week
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a community of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, whether verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Profitly Through The Week
At its peak, 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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Through The Week
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as 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 costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you do want to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to use a majority of features from the Novice plan. In this plan, that you can create a private profile to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for those looking forward to this tier. Profitly Through The Week
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month which includes a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be more laid back and less engaged, while another could be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Through The Week
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including 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 as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize 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 curiosity. Profitly Through The Week
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources helpful in their efforts to reduce losses and perform better than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Through The Week
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could 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 for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.