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 very difficult to get back to where you were at your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance within the field. This review will be taking a look at Profit.ly, a well-recognized all-in-one 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.
Total Rating: 4.1/5 The Gambler Tom Bower Review
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus and students and newsletter writers and secondly) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. The Gambler Tom Bower Review
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the community of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms along with notifications via email or text 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 his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small companies to move into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of experience. The Gambler Tom Bower Review
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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 look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional 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 alias “Superman,” is a swing trading professional with 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 total trading earnings. The Gambler Tom Bower Review
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an account that is private to share with other associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a problem for some who may be eager to try this new tier. The Gambler Tom Bower Review
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, where customers can choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage from 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 variety of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of 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 caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able select from the products from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at managing trading, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. The Gambler Tom Bower Review
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you should have the ability to think with an open heart. The Gambler Tom Bower Review
What we mean”yes” is it is a fantastic learning tool. People who are stuck might discover Profit.ly’s array of resources useful when they try their best to reduce losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ The Gambler Tom Bower Review
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the “My Trade section of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is 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 in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities left and right.
