The stock market can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your most productive. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. We’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Consumer Issues W Profitly
User 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 such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity 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 his interview with Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that was never prior to.” The concept Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Consumer Issues W Profitly
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not just a way to show value to a group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging your brokerage account, then you could choose to publish your trades, verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small companies to move to a large marketplace as they can access money from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits from their combined years of knowledge. Consumer Issues W Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who 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. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, email, text and push alerts and a daily stock watchlist.
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 per month, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Consumer Issues W Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as the 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 tools to get you going. Profit.ly offers three membership levels that cater to traders with 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 entry-level plan designed especially for those who are new to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that might be a drawback for some who may be looking forward to this tier. Consumer Issues W Profitly
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards 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 video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is less active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array 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 everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Consumer Issues W Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- If traders decide to open any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Consumer Issues W Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Consumer Issues W Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the My Trade section of the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.