Stock trading is an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your best. If you’re always in the mud You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized 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 Sandeep Cheety Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The concept, he added, served two purposes: 1) creating public track records for not just the gurus as well as students and newsletter writers and secondly) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Sandeep Cheety Profitly
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You can create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts in the chatroom, in addition to notifications via email or text as well as 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 shares that trade for just less than 5 cents per share. The penny stock market can be seen as an avenue for small companies to move to a market that is larger as they can access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Sandeep Cheety Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, 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 take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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. Sandeep Cheety Profitly
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition, you’ll also get access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three tiers 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 world of trading. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders that could be a problem for those who are looking forward to this tier. Sandeep Cheety Profitly
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can select from a variety of videos created to provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in 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, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as adept at handling trading matters but the experts already know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Sandeep Cheety Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting 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 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 photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have curiosity. Sandeep Cheety Profitly
What we mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Sandeep Cheety Profitly
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
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 works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
