The stock market can be a high-stakes game. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your most productive. If you are immersed in the water it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Steven Du Profitly
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style 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 established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The idea was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Steven Du Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared at achieving achievement. You can create an account for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its experts. You’re not just allowed to prove your worth to a large group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to interact with your experts through 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 trading guru who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their collective years of expertise. Steven Du Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone 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 texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has 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 earnings. Steven Du Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of the majority of features available in the novice plan. 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 trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Steven Du Profitly
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 per month, which includes a 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage of 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 features and services. You may be familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be a laid-back person who is rarely active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has 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 by its internal gurus and members. Additionally, they can choose from the items on its store online for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Steven Du Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Steven Du Profitly
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Steven Du Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities left and right.