Stock trading is an exciting game with high stakes. On some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth within the field. This review will be taking an in-depth 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 Weekend Plays
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Profitly Weekend Plays
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 at achieving the success of their business. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to prove value to a large group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom 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 trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is a stepping stone for small businesses to transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “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 openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of expertise. Profitly Weekend Plays
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on the platform: the founder and 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s 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 most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a 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 is known under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Weekend Plays
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what 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 world. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Some of the features 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 chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their skills in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics this could be a problem for those who are anticipating this level. Profitly Weekend Plays
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to select from a variety of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with 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 it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be more laid back and not very often engaged, while another could be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
Beginners, 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 the in-house experts and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters but the experts already know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Weekend Plays
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its users
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Profitly Weekend Plays
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Weekend Plays
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.
