Stock trading can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself 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 experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve found an option that can help you in your improvement in the industry. This review will take the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profity One
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus and students and newsletter writers as well as) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Profity One
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving success. You can create an account for free, but you’re limited to access to the leaderboard and observe 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 will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the 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 assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can decide to share your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to connect with your gurus in the chatroom, as well as 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 trader who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their collective years of expertise. Profity One
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, email, text 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. It costs $149.95 per month, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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 all-time trading profits. Profity One
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much 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. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats that could be a disadvantage for some who may be anticipating this level. Profity One
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features of the previous plans combined.
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 plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they offer. One of those is its online store, which lets users select from a variety of videos that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be laid back and rarely engaged, while another could be more active and in touch to their pupils. Consider 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 cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Profity One
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as 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 Valued?
If we could come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Profity One
What we mean”yes” is it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profity One
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade section of the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is 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 Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
