Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your improvement within the field. This review will be taking a look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Thereformedbroker 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 permits traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Thereformedbroker Profitly
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, verified or not, by taking pictures. Also included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to interact with your experts in the chatroom, 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 trading guru who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. At 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and 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 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 sweet inclusions is the variety of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial profits from their collective years of expertise. Thereformedbroker Profitly
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise 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, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the 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 application that is available for iOS as well as Android devices; text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with 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 profits. Thereformedbroker Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private account, making your personal information public. If you’re looking to gain 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 allows you to use the majority of features available in the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be anticipating this level. Thereformedbroker Profitly
Pro Plan
This is by far the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of videos designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. One might be more laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Thereformedbroker Profitly
Profit.ly’s Pros and Pros and
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 tools, communication, and trading tools
- You will receive excellent training and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Thereformedbroker Profitly
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s variety of resources useful in their efforts to avoid loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Thereformedbroker Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
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 are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.
