The stock market can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to return to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance within the field. 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.
Overall Rating: 4.1/5 Profitly Twitter
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 enables traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus and students and newsletter writers as well as) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Twitter
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to 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 limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom along with text and e-mail alerts and 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 his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small companies to move 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 is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of experience. Profitly Twitter
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is a great option for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Twitter
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for 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 beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those eager to try this new tier. Profitly Twitter
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, which includes a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users select from a variety of instructional videos that are created to help you understand the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they 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 to choose from the items from its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Profitly Twitter
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- If traders decide to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, it is best to keep curiosity. Profitly Twitter
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Twitter
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.
