The stock market can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you’re always in the mud, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring 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 globe, which is why we’ve discovered an option that can help you in your growth within the field. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Tradeking 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 different levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus and students and newsletter writers and secondly) allowing anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Tradeking Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. It is possible to create an account for free, but you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not just a way to demonstrate value to a community of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could decide to share your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through 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 famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning 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 trader. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made significant amounts of profit through their years of experience. Tradeking Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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 Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own 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; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Tradeking Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much 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. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders this might be a drawback for those who are anticipating this level. Tradeking Profitly
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be 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 other services they offer. One of these is its online store, which lets users pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be a laid-back person who is less active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items in its online store for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Tradeking Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call 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
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Tradeking Profitly
What we do mean”yes” is it can be a great learning tool. People who are stuck could be able to find Profit.ly’s array of resources useful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tradeking Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades in the “My Trade category on the dashboard which allows you to post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.
