The stock market can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried 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 option that can help you in your growth within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Profitly Via Trading
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 permits traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts and students and newsletter writers as well as) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profitly Via Trading
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed toward the success of their business. You may set up an account on the site for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to prove your worth to a community of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can decide to share your trades, either verified or not, via pictures. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms 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 trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market is an avenue for small companies to move to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that 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 high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to establish 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 establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of knowledge. Profitly Via Trading
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: 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 take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
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 it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “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 Via Trading
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the Novice plan. This plan allows that you can create an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics that could be a disadvantage for some who may be anticipating this level. Profitly Via Trading
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the prior plans.
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. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to pick from a range of videos created to guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array 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.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. They’ll also be able to select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that trading is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Via Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Via Trading
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful as they do their best to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Profitly Via Trading
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the ‘My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
