The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were your most productive. If you are always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth in the industry. This review will be taking the time to look at Profit.ly, a well-recognized 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 B Golongan Berapa
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never previously done.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students, and 2) giving anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. B Golongan Berapa
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You can create an account there at no cost, however you’re only limited to having 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 You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not just a way to show your worth to a group of traders, but you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile and other methods to communicate with your gurus through the chatroom as well as 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 personality who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their combined years of experience. B Golongan Berapa
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: the founder of the penny stock market 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 packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and 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 the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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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 small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. B Golongan Berapa
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and email and SMS alerts.
The film “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 via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign 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 we call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re looking to have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. B Golongan Berapa
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to view other people’s 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 in search of an option that gives you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of videos created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips 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 variety of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be a laid-back person who is rarely active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. B Golongan Berapa
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready 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
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you should have curiosity. B Golongan Berapa
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ B Golongan Berapa
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app 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 investors and traders because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.
