The stock market can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your peak. If you’re always in the mud, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you to improve your performance in the industry. This review will be taking a 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.
Overall Rating: 4.1/5 Profitly Via Email Template
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly Via Email Template
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out 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 review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its experts. It’s not only a chance to show value to a community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, verified or not, via screenshots. In Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, as well as 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 involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their combined years of experience. Profitly Via Email Template
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, 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. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. 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 an extensive library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Via Email Template
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
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 chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders that might be a drawback for some who may be anticipating this level. Profitly Via Email Template
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and not very often engaged, while another could be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix that come with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Profitly Via Email Template
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow 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 authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of 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 would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. Profitly Via Email Template
What we mean”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Via Email Template
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, 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 left and right.