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 can be very difficult to get back to where you were at your most productive. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Unlike All
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define 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 who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to 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 for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts and newsletter writers and students as well as) making it possible for all users to gain insight into both losses and wins for the trading industry’s benefit. Profitly Unlike All
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared toward success. It is possible to create an account on the site at no cost, however 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 in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs and its experts. It’s not just a way to prove your worth to a large group of traders. You are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can decide to share your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom 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 is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other on 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. Gurus are referred to the trading experts who have earned significant amounts of profit from their combined years of expertise. Profitly Unlike All
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, as well as text, e-mail 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. At $149.95 for a month it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Unlike All
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create a private profile to share with other associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ stats that could be a disadvantage for those looking forward to this tier. Profitly Unlike All
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month which includes 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and scenes taken from events like 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 range of features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One might be laid back and less active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in its 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 traders, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix that come with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Profitly Unlike All
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include 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 that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of 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 answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly Unlike All
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s array 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 the platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Unlike All
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you post it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities all over the world.
