Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an option that can help you to improve your performance within the field. In this review, we’ll be taking the time to 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 Till We Meet Again
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profitly Till We Meet Again
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can choose to publish your trades, whether verified or not, by taking screenshots. Also included 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 communicate with your gurus via chatrooms along with 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 his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, 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 of transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of expertise. Profitly Till We Meet Again
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market 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 Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Till We Meet Again
The Superman Alerts plan is his package of vital 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 updates in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a problem for some who may be anticipating this level. Profitly Till We Meet Again
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, with 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, which lets users pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms 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 see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be laid back and not very often active, while another might be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they may be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a risky game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the stack full of risks that come with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Profitly Till We Meet Again
Profit.ly’s Pros and Cons
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 tools, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Till We Meet Again
What we do mean”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources useful when they try their best to reduce losses and be more successful than before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Till We Meet Again
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
