Stock trading can be a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were your best. If you are immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the industry. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Within The Market
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) allowing anyone on the platform to learn from the losses and wins to benefit the industry of trading. Profitly Within The Market
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed toward the success of their business. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-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 join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to prove value to a large group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms, 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 for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of knowledge. Profitly Within The Market
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. In light of that, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Within The Market
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. In this plan, that you can set up an account that is private to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats that could be a disadvantage for those anticipating this level. Profitly Within The Market
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can pick from a range of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes of 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 may be familiar with chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. Some may be laid back and less active, while another might be more active and in touch in their interactions with students. Think of 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 a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly Within The Market
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough 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 cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s 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 for this reason. Instead, you need to have the ability to think with an open heart. Profitly Within The Market
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s array of resources useful when they try their best to avoid losses and be more successful than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Within The Market
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 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 opportunities on the stock market left and right.
