Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your most productive. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. This review will take a 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.
Overall Rating: 4.1/5 Ecnc1 Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two goals: 1.) making public records for everyone, not just the experts and students and newsletter writers, and 2) giving everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Ecnc1 Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could decide to share your trades, whether verified or not, by taking screenshots. 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 interact with your experts via chatrooms in addition to email and text alerts 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 his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as 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 openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made significant amounts of profit through their years of expertise. Ecnc1 Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent gurus 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 this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts as well as unlimited access to a library of over 7,000 educational 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 name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Ecnc1 Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get 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 levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this could be a disadvantage for those eager to try this new tier. Ecnc1 Profitly
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and 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 included in Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be laid back and not very often active, while another might be more active and in touch with their students. Consider chat rooms 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 a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Ecnc1 Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Ecnc1 Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources useful as they do their best to avoid losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Ecnc1 Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade section of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be assigned 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 in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.