The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you’re immersed in the water You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth in the industry. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Stockmarketfunding Profitly
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter authors and students, and 2) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Stockmarketfunding Profitly
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to demonstrate value to a large group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom along with 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 trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Stockmarketfunding 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 most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices; email, text 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. At $149.95 for a month it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Stockmarketfunding Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an 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 tools to get you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When 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 can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private account, making your activities publicly available. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their expertise in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a problem for those eager to try this new tier. Stockmarketfunding Profitly
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can find it throughout 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 member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One of them may be more laid back and not very often active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the risky mix that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Stockmarketfunding Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish 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 individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Stockmarketfunding Profitly
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Stockmarketfunding Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.