The stock market can be an exciting game with high stakes. On some days, you might have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were at your peak. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need 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 growth in the market. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tripp Davidson Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informed, transparent, accountable, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea, he added, served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students and secondly) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Tripp Davidson Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You can create an account there for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at 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 lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Tripp Davidson Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers 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. The cost is $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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 trading earnings. Tripp Davidson Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics that might be a drawback for those who are anticipating this level. Tripp Davidson Profitly
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products on its store online that they can take with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Tripp Davidson Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as 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 who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because 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 think of the answer, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Tripp Davidson Profitly
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Tripp Davidson Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the “My Trade section of the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, 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 using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.