Stock trading is an exciting game with high stakes. On some days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. In this review, we’ll take the time to look at Profit.ly A well-respected one-stop 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 What Is The Profitly App
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those new to trading and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus and newsletter authors and students, and 2) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. What Is The Profitly App
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to show that you’re worthy to the group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms along with 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The penny stock market could be viewed as a stepping stone for small businesses to transition into a larger market because they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to create 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 place of openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of expertise. What Is The Profitly App
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month 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 standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on 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 most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “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 the time he started trading, Superman has amassed over $5.5 million in trading profits. What Is The Profitly App
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready 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 up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features 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 texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan 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 associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders that might be a drawback for some who may be anticipating this level. What Is The Profitly App
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month which includes a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room as 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 space where experts and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. What Is The Profitly App
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many services that the platform can offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. What Is The Profitly App
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources helpful as they do their best to avoid loss and perform better than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ What Is The Profitly App
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.
