Stock trading is a high-stakes game. On certain days, you could enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you are always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you to improve your performance within the field. This review will be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Ecnc Profitly
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed and accountable, as well as transparent and encouraging one another through its wide array of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept was, he said, serving two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Ecnc Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared at achieving success. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate your worth to a group of traders, but you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, you can decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus through the chatroom in addition to 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 guru who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as an opportunity for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial amounts of money from their collective years of expertise. Ecnc Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Ecnc Profitly
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping 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 include the ability to verify 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 onto leaderboards; study, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in the Novice plan. In this plan, that you can set up an account that is private to share with other associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Ecnc Profitly
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can pick from a range of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another may be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able select from the products on its store online to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to improve their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Ecnc Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Ecnc Profitly
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Ecnc Profitly
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.