Stock trading can be an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your most productive. If you’re always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you to improve your performance within the field. This review will be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 How To Best Learn On Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter writers and students as well as) allowing all users to learn from both the wins and losses for the trading industry’s benefit. How To Best Learn On Profitly
How Does It Work?
Profit.ly utilizes a subscription model which 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 on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy 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, verified or not, via photographs. In Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a large marketplace as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of experience. How To Best Learn On Profitly
At its height, 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 a few others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a library of over 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 trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. How To Best Learn On Profitly
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you can set up an account that is private to share with other associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this might be a drawback for some who may be looking forward to this tier. How To Best Learn On Profitly
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance 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 with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and products from other 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 concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. You can also get 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 traders who have decades of experience in the road, we consider Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. How To Best Learn On Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse 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 get to receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some 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 because the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. How To Best Learn On Profitly
What we mean”yes” is it can be a great learning tool. People who are stuck may discover Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ How To Best Learn On Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are 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.