Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were your most productive. If you find yourself always in the mud You will need to realize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Unlike Denominators
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students, and 2) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Profitly Unlike Denominators
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed toward success. It is possible to create an account for free, but you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into how the community of traders performs and its experts. It’s not only a chance to demonstrate your worth to a group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, verified or not, by taking screenshots. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, 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 Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial profits from their combined years of knowledge. Profitly Unlike Denominators
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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing 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 we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on 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, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both 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 total trading profits. Profitly Unlike Denominators
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use a majority of features from the novice plan. This plan allows that you can create a private profile to share with other associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that might be a drawback for those who are eager to try this new tier. Profitly Unlike Denominators
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be laid back and less active, while another might be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a high stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate 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 capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Unlike Denominators
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. However, you must realize that it shouldn’t be treated 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 Unlike Denominators
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could 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 poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Unlike Denominators
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the My Trade category on the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.