Stock trading can be an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your peak. If you are always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need 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 globe, which is why we’ve discovered an online platform that will help you to improve your performance within the field. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Bitcf Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Bitcf Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed at achieving success. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove value to a community of traders, as you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect 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 trader who is well-known for his involvement in penny stock trading. 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 can be seen as an opportunity 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 game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up 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 sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Bitcf Profitly
At its peak, 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 among others. At the time of writing however, only two gurus remain on this platform: the founder as well as penny-stock trader 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for 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 premium version, with an upgraded version of 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 comes with all the standard features that were included in earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Bitcf Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have 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
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on 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 with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics this could be a problem for those anticipating this level. Bitcf Profitly
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes 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 range of features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able select from the products from its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand how it works along with the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Bitcf Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you should have curiosity. Bitcf Profitly
What we mean”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Bitcf Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the My Trade’ category of the dashboard that lets you post your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.
