Stock trading can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you are always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the market. We’ll take the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Telltale 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 enables traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Telltale Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. It is possible to create an account on the site for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to prove value to a group of traders, but you can also use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Telltale Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices; email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Telltale Profitly
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, 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 and access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this package you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Telltale Profitly
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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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 see it across social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact 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 more laid back and less active, while another may be more active and in touch in their interactions with students. Think of chatrooms as 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 caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items on its store online that they can take with them wherever they be. They can also gain hands-on experiences by trading through 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 the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Telltale Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Telltale Profitly
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and be more successful than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become more successful in trading and would like to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Telltale Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard. It lets you record your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
