Stock trading is an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were at your best. If you find yourself immersed in the water You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time You’ll need 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 option that can help you in your improvement within the field. This review will take the time to look at Profit.ly, a well-recognized one-stop 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 Unto Others
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for 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 that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” This idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students, and 2) giving all users to be enlightened by both losses and wins to benefit the industry of trading. Profitly Unto Others
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You can create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate your worth to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as 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 trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms and 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 platform for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of experience. Profitly Unto Others
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Unto Others
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “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, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including 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 an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands 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 ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. This plan allows that you can create an account that is private to share with other associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those looking forward to this tier. Profitly Unto Others
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which lets users pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a space where experts and their members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be a laid-back person who is rarely active, while another might be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Profitly Unto Others
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Profitly Unto Others
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Unto Others
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the My Trade category on the dashboard. It lets you record your trades, either verified or not. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of functioning 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 looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
