The stock market can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re immersed in the water You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profitly Unlike Transaction
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative responsible, transparent, and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly Unlike Transaction
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared at achieving achievement. You can create an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not only a chance to prove your worth to a large group of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in 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 delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made significant amounts of profit through their years of expertise. Profitly Unlike Transaction
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, 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 single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 all-time trading profits. Profitly Unlike Transaction
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what 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. As you sign to this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; 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 the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you’re interested in get the benefit of this service, you should stay tuned as we 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 are able to create an account that is private to share with fellow associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics that could be a disadvantage for those eager to try this new tier. Profitly Unlike Transaction
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, which includes 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is less engaged, while another could be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily 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 experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Profitly Unlike Transaction
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Unlike Transaction
What we mean”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Unlike Transaction
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users 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 on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market both right and left.
