Stock trading can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you’re immersed in the water You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth in the market. We’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Russellsingh Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Russellsingh Profitly
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, you may choose to publish your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial profits from their collective years of experience. Russellsingh Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Russellsingh Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of the Novice plan. It is in this plan that you can create an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this might be a drawback for those who are anticipating this level. Russellsingh Profitly
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and a 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of videos 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 is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is less active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may travel. Additionally, they can gain practical 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 a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Russellsingh Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core 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 diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Russellsingh Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Russellsingh Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.