The stock market can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth in the market. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tom Mccarthy Profitly
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded 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 for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter writers and students as well as) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Tom Mccarthy Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared towards achieving success. You may set up an account 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 looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
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 your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to show value to a large group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, verified or not, via photographs. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus 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 personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money from their combined years of knowledge. Tom Mccarthy Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro 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 among others. At the time of writing, only two gurus remain on the platform: Founder and 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 the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts as well as 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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Tom Mccarthy Profitly
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in 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 look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and, finally, see 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 can’t create a private profile, thus making your personal information public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats this might be a drawback for those who are eager to try this new tier. Tom Mccarthy Profitly
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off for billing annually This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to pick from a range of videos designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time space where experts and their members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. Some may be more laid back and not very often active, while another might be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products from its online store for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints 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! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Tom Mccarthy Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s 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 by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, it is best to keep curiosity. Tom Mccarthy Profitly
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want 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 Tom Mccarthy Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard which lets you record your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.