The stock market can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your peak. If you are immersed in the water it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly A well-respected one-stop 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 Eitrades Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it 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 style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Eitrades Profitly
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts in 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 trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an opportunity for small businesses to transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of experience. Eitrades Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the prominent gurus 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 the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, as well as 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 that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Eitrades Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their trading skills. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able view other traders’ statistics this might be a drawback for those anticipating this level. Eitrades Profitly
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, with 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array 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 the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based 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 in its online store to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to the newcomers. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Eitrades Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Eitrades Profitly
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s array of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not only the 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 want to become more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Eitrades Profitly
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade’ category of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.