The stock market can be an extremely risky game. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were your most productive. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Top Of
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 different levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as 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 for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus and students and newsletter writers as well as) giving all users to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Top Of
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared toward the success of their business. You may set up an account there for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms in addition to 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 the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. 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 sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of experience. Profitly Top Of
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Top Of
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and E-mail and SMS 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 through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. 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 ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do with 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 giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades and lastly, look at other’s stats.
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 account, making your actions public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics this might be a drawback for those who are anticipating this level. Profitly Top Of
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these features, 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 a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can pick from a range of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading but the experts already know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Top Of
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and advice from the company’s 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 by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Profitly Top Of
What we do mean”yes” is that it can be a great learning tool. People who are stuck might discover Profit.ly’s variety of resources helpful as they do their best to avoid loss and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Profitly Top Of
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
