The stock market can be a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll be taking an in-depth 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.
Total Rating: 4.1/5 Profitly Watchlist
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) giving all users to learn from the losses and wins to the benefit of the trading industry. Profitly Watchlist
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see 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.
Making an account easy: create an account with your experience 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 previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not just a way to show value to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms as well as email and text alerts as well as 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 Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Profitly Watchlist
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A standalone purchase in 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, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Watchlist
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan 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 essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from many of the features of The Novice package. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their skills in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats this could be a problem for some who may be looking forward to this tier. Profitly Watchlist
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to select from a variety of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One of them may be laid back and less active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products on its store online to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll realize that this is a risky game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are on 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 skill to others as a way to help navigate them through the ever-changing trading process. Profitly Watchlist
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Profitly Watchlist
What we mean”yes” is it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Profitly Watchlist
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade section of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.
