Stock trading is an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses and you’re likely to require 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 growth in the industry. This review will be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Billionaire Investors News Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving all users to learn from the losses and wins to the benefit of the trading industry. Billionaire Investors News Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You can create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not just a way to show value to a group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can choose to publish your trades, verified or not, via screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market is an avenue for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, 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, earned an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of experience. Billionaire Investors News Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: 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, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading 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. Billionaire Investors News Profitly
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
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 as well as leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of many of the features of The Novice package. This plan allows that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats that might be a drawback for some who may be eager to try this new tier. Billionaire Investors News Profitly
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes an additional 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which allows users to select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos 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 included in Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that it carries. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman or 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. Billionaire Investors News Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best 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 take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Billionaire Investors News Profitly
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Billionaire Investors News Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade section of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s 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 as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.