The stock market can be an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Vgz
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are starting out 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 for communication and trade and letting 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 the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never previously done.” The idea was, he said, serving two objectives: one) making public records for not just the gurus, but also the newsletter writers and students as well as) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Profitly Vgz
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. You’re not just allowed to prove that you’re worthy to the community of traders, but you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may opt to post your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with notifications via email or text 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 his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their collective years of knowledge. Profitly Vgz
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
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. Priced at $149.95 for a month this is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profitly Vgz
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as email and SMS 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 the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential 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 ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders that could be a disadvantage for those anticipating this level. Profitly Vgz
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be more laid back and less engaged, while another could be more active and in touch with their students. 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 variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and members. They’ll also be able to select from the products on its store online that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Vgz
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep an open mind. Profitly Vgz
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Vgz
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
