The stock market can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to the point you were at your best. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Endp Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea, he added, served two purposes: 1) making public records for not just the gurus as well as newsletter authors and students as well as) allowing all users to gain insight into both losses and wins for the trading industry’s benefit. Endp Profitly
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to show value to a group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account you can opt to post your trades, either verified or not, by taking photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts in the chatroom, 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 well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Endp Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are involved in 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 an extensive collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Endp Profitly
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, 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, plus access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans 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 tools to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. This plan allows that you can set up an individual profile that allows you to share with fellow 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 caters for those looking to develop their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats that could be a disadvantage for those eager to try this new tier. Endp Profitly
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be laid back and less active, while another might be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a 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, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues but the experts already know the way it functions and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Endp Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and 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 authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of 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 appropriate answer for this query, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, it is best to keep an open mind. Endp Profitly
What we mean”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful when they try their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Endp Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest 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 Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are 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 on the stock market left and right.