Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your peak. If you are always in the mud, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement in the market. We’ll be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Dj Leon Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The concept, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students and secondly) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Dj Leon Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to 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 mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. It’s not only a chance to prove your worth to a large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through photographs. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, 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 trading. He also played a role in establishing 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 variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their collective years of knowledge. Dj Leon Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the prominent 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. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, as well as texts, emails 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 program. Priced at $149.95 for a month it is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional 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 profits. Dj Leon Profitly
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base 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 lessonsthat include a growing library of all other previous ones. In addition, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs 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 get you started. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers 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. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ statistics that could be a disadvantage for those anticipating this level. Dj Leon Profitly
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is 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 offer. One of them is the online store, which lets users pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be more laid back and not very often engaged, while another could be more interactive and online to their pupils. 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 cater to an array of stock traders, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they may go. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to the newcomers. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Dj Leon Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, 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 images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict is: 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. It wasn’t designed to be used for this reason. Instead, it is best to keep curiosity. Dj Leon Profitly
What we do mean”yes” is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce loss and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Dj Leon Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the “My Trade’ category of the dashboard. It lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into 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 buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.
