The stock market can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your most productive. If you’re immersed in the water You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth within the field. In this review, we’ll take an in-depth 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 Rowland Wolf Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The idea was, he said, serving two objectives: one) making public records for not just the gurus as well as newsletter authors and students and secondly) allowing all users to learn from the losses and wins to the benefit of the trading industry. Rowland Wolf Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared toward success. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not just a way to show your worth to a large group of traders. You can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may decide to share your trades, verified or not, via photographs. In Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms as well as 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 trader who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an avenue for small businesses to transition into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity 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 to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their combined years of expertise. Rowland Wolf Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for 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. Rowland Wolf Profitly
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much 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 community. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics this might be a drawback for some who may be anticipating this level. Rowland Wolf Profitly
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes 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 array of features and services. You may be familiar with 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 area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be more laid back and less active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able select from the products from its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Rowland Wolf Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its users
- As traders may opt to make any type of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, 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 wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Rowland Wolf Profitly
What we are referring to”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Rowland Wolf Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard that allows you to post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
