Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your most productive. If you’re always in the mud, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known 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 20 Profit Opposite
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent like 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 trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” The idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students, and 2) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. 20 Profit Opposite
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving achievement. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to shop from a guru 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 information about your account with a brokerage, you may decide to share your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading is an opportunity for small businesses to transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of knowledge. 20 Profit Opposite
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. 20 Profit Opposite
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information 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 the growing collection of the previous ones. In addition you’ll also have access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
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 and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those eager to try this new tier. 20 Profit Opposite
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month and a 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the chance to create an individual 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 an option that gives you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety 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. But on Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suited to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. 20 Profit Opposite
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. 20 Profit Opposite
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ 20 Profit Opposite
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard. It lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.