Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth in the market. In this review, we’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Triseasonals
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and encouraging each other through its broad array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those new to trading as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Triseasonals
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving success. You may set up an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest 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 offers that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may decide to share your trades, verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways 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 trading personality who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move into a larger market because they can 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 thanks to his years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made significant amounts of profit through their years of knowledge. Profitly Triseasonals
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and 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 highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading 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 trading earnings. Profitly Triseasonals
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself via 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 access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $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 profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an account that is private to share with other 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 catering to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats that might be a drawback for those who are anticipating this level. Profitly Triseasonals
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and less engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly Triseasonals
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform 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 trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous products and packages offered might be too much for most of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Profitly Triseasonals
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Profitly Triseasonals
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade section of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.