Stock trading is a high-stakes game. On some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were at your peak. If you are immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your improvement in the market. This review will take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Without A Trace
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 enables traders of different levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification and a rich 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 new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students as well as) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Profitly Without A Trace
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market could be viewed as an avenue for small companies to move into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, 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 proven to make substantial amounts of money from their combined years of experience. Profitly Without A Trace
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as texts, emails 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 program. It costs $149.95 per month, this is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Without A Trace
The Superman Alerts plan is his offer of the most 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 E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will 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 trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Profitly Without A Trace
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all options of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating 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 a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from events like 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 are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is not very often active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to those who are just starting. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Without A Trace
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – 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 customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you need to have curiosity. Profitly Without A Trace
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s array of resources useful in their efforts to avoid losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Profitly Without A Trace
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the “My Trade section of the dashboard. It lets you record your trades that are verified or not. 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 provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
