Stock trading is an extremely risky game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your best. If you find yourself immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement in the market. This review will take an in-depth look at Profit.ly A well-respected 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 Elkwood Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never previously done.” The concept was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students as well as) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Elkwood Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and observe 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 will need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself a chance to shoot through high on 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 as well as its experts. It’s not only a chance to prove that you’re worthy to the group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, either verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts 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 personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small companies to move to a large marketplace as they can access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Elkwood Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder as well as 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 packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase from 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, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Elkwood Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those who are looking forward to this tier. Elkwood Profitly
Pro Plan
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating an individual profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen 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 members. One might be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. Additionally, they can select from the products from its online store to carry with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on similar levels to 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. Elkwood Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge 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 live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Elkwood Profitly
What we mean”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Elkwood Profitly
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade category on the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your 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 can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.
