Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter it is important to realize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your growth within the field. We’ll be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 How Much Is Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two purposes: 1) making public records for not just the gurus as well as newsletter writers and students and secondly) giving all users to gain insight into both the wins and losses to the benefit of the trading industry. How Much Is Profitly
How Does It Perform?
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 may set up an account at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community and its experts. It’s not just a way to demonstrate value to a large group of traders, but you are also able to use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, along with 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 trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is an avenue for small businesses to transition to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. How Much Is Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts were 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 this platform: Founder of the penny stock market 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 Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. How Much Is Profitly
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports 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 your mark on the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan 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 of which is essential to keep your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats, which could be a problem for those who are anticipating this level. How Much Is Profitly
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the options of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One of them may be more laid back and rarely active, while another might be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. How Much Is Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most 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 increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. How Much Is Profitly
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ How Much Is Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.
