Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were your best. If you’re always in the mud it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll 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 Eprs Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Eprs Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed at achieving success. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to show value to a group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, verified or otherwise, through pictures. In Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Eprs Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent experts 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 the platform: the 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices; 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 highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Eprs Profitly
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and email and SMS 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 his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign to this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which could be a disadvantage for those looking forward to this tier. Eprs Profitly
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and 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 of them may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the risky mix that it carries. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Eprs Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, 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 images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Eprs Profitly
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Eprs Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the My Trade section of the dashboard that lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
