Stock trading is an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing 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 discovered a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth 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.
Total Rating: 4.1/5 Snipe Profitly
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 allows traders of all levels to be informed, transparent, accountable, and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never done before.” The concept Sykes said served two goals: 1.) creating public track records for not just the gurus as well as students and newsletter writers and secondly) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Snipe Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed towards achieving success. You can create an account on the site at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings 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 have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show your worth to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise 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 helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their combined years of experience. Snipe Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts were 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 the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on 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 fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s 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 highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Snipe Profitly
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also gain an access to high-quality research papers and 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 leave your mark on the industry, 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 look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless 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 as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics this might be a drawback for those looking forward to this tier. Snipe Profitly
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, and 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One of them may be more laid back and not very often active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Snipe Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many 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 be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core 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 diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. Snipe Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Snipe Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities both right and left.
