The stock market can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your best. If you find yourself always in the mud You will need to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. 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.
Total Rating: 4.1/5 Endo 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 permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly 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 through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to be enlightened by the losses and wins to the benefit of the trading industry. Endo Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared toward achievement. You can create an account on the site at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to demonstrate your worth to a large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or not, via pictures. Included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement 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 trading of penny stocks can be seen as a stepping stone for small businesses to transition to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial profits through their years of expertise. Endo Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. When we take that into account we’ll take a look at the packages 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. At $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 in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released weekly.
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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 when he first started trading, Superman has amassed over $5.5 million in trading profits. Endo 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 along with the mobile app, 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, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders with 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. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use many of the features of The Novice package. In this plan, that you can set up a private profile to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those who are looking forward to this tier. Endo Profitly
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from events like 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 variety of features and services. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a place where gurus and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be more laid back and not very often engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items from its online store for them to take wherever they be. 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 shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Endo Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and 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 whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. Endo Profitly
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Endo Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.