The stock market can be a high-stakes game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Vnr
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
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 honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” The idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Profitly Vnr
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward achievement. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to show your worth to a group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number 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 as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’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 to a large marketplace as they can access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show 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 played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of expertise. Profitly Vnr
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most prominent experts were 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, email, text 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 package. At $149.95 per month, this is a great option for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Vnr
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and E-mail 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 via the Superman Pro package. On top of the essentials 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 gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. In this plan, that you are able to create an account that is private to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this might be a drawback for those who are eager to try this new tier. Profitly Vnr
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes a 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these features, 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 an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items from its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s range of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly Vnr
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s 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 by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
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 a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly Vnr
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Vnr
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of 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 via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
