Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your peak. If you’re immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you in your growth within the field. This review will be taking a look at Profit.ly is a well-known one-stop social platform for trading!
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 Stock Snipers Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and uplifting with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long 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.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus and newsletter authors and students as well as) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Stock Snipers Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving achievement. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” 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 trading. He also played a role in establishing Profit.ly as a platform 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 wide range of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their collective years of knowledge. Stock Snipers Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the prominent experts 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 this platform: 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 take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Stock Snipers Profitly
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what 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 world. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you can set up an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats this might be a drawback for those eager to try this new tier. Stock Snipers Profitly
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating a private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able select from the products from its online store to carry with them wherever they travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Stock Snipers Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as 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 dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Stock Snipers Profitly
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want 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 Stock Snipers Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade category on the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
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 learn and improve in acquiring opportunities on the stock market all over the world.
