The stock market can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you find yourself always in the mud, you will have to recognize that relying 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. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your improvement in the industry. This review will take 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 V I P Tips
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter writers and students as well as) making it possible for anyone on the platform to learn from the losses and wins to the benefit of the trading industry. V I P Tips
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account there for free, but you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to show your worth to a community of traders, as you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, by taking photographs. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it 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 with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit through their years of expertise. V I P Tips
At its height, Profit.ly had housed up to five gurus. Each of them a pro 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 a few others. As of this writing, however, only two gurus remain on this platform: the 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 take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to predict 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 on iOS as well as Android devices; email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. V I P Tips
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, finally, see other’s stats.
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 aren’t able to create a personal account, making your personal information public. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that might be a drawback for those who are eager to try this new tier. V I P Tips
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably 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 support. However, in Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One might be a laid-back person who is less active, while another may be more interactive and online to their pupils. Think of chat rooms 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 are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. V I P Tips
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you should have the ability to think with an open heart. V I P Tips
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ V I P Tips
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.