Stock trading is an exciting game with high stakes. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were at your peak. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll take a 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 With A Balance Sheet
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 all levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. 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 however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Profitly With A Balance Sheet
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed towards achieving success. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at how the community of traders performs and its gurus. It’s not just a way to prove your worth to a group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can opt to post your trades, either verified or not, via screenshots. In Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
> > Click Here to Check Out Profit.ly < <
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have made significant amounts of profit through their years of expertise. Profitly With A Balance Sheet
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible 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 that’s available on iOS as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, this is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated every week.
> > Click Here to Check Out Profit.ly < <
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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly With A Balance Sheet
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for those who are anticipating this level. Profitly With A Balance Sheet
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading 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 clips from events like the Annual Pennystocking Conference, and products from other expert traders.
> > Click Here to Check Out Profit.ly < <
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One might be more laid back and less active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store for them to take wherever they may travel. You can also get 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 taken as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Profitly With A Balance Sheet
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
> > Click Here to Check Out Profit.ly < <
The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep curiosity. Profitly With A Balance Sheet
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly With A Balance Sheet
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.
