Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you are always in the mud, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance within the field. In this review, we’ll be taking a look at Profit.ly A well-respected 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 Underneath The Balance Sheet
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) making public records for not just the gurus as well as students and newsletter writers as well as) allowing all users to learn from the losses and wins for the trading industry’s benefit. Profitly Underneath The Balance Sheet
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward success. You can create an account for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show value to a group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts via chatrooms as well as 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the 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 trader. At 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made significant amounts of profit through their years of expertise. Profitly Underneath The Balance Sheet
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Underneath The Balance Sheet
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these 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 trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those who are eager to try this new tier. Profitly Underneath The Balance Sheet
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month with a 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may go. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a risky game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profitly Underneath The Balance Sheet
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- 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 if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Profitly Underneath The Balance Sheet
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful as they do their best to avoid loss and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Underneath The Balance Sheet
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade section of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in 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 currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.
