Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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.
Overall Rating: 4.1/5 Apa Yang Dimaksud Dengan Pengukuran
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established in the past by 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 stated that Profit.ly was based “on the transparency of every trade, something that was never done before.” The concept was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) allowing anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Apa Yang Dimaksud Dengan Pengukuran
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking 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 offerings, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to prove your worth to a community of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, 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 proven to make significant amounts of profit from their combined years of knowledge. Apa Yang Dimaksud Dengan Pengukuran
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus 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, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is 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. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Apa Yang Dimaksud Dengan Pengukuran
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you’re looking to have access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats that might be a drawback for those who are eager to try this new tier. Apa Yang Dimaksud Dengan Pengukuran
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can pick from a range of video products created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from 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 variety of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and less active, while another may be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to 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. Apa Yang Dimaksud Dengan Pengukuran
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Apa Yang Dimaksud Dengan Pengukuran
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s variety of resources useful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Apa Yang Dimaksud Dengan Pengukuran
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard which lets you post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.