Stock trading is an exciting game with high stakes. 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 at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve found an online platform that will help you to improve your performance within the field. This review will take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 How To Create Profitly Account
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use 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 each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards experts 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 years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) allowing anyone on the platform to learn from the losses and wins to benefit the industry of trading. How To Create Profitly Account
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account there at no cost, however you’re limited to access to the leaderboards and monitor 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 join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show your worth to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, verified or otherwise, through screenshots. Included 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 via chatrooms along with 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their collective years of experience. How To Create Profitly Account
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the prominent gurus 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 this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers 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. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. How To Create Profitly Account
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking 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 going. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. How To Create Profitly Account
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which lets users choose from a wide array of video products 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 bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional 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 from 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 services and features. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be laid back and less active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. How To Create Profitly Account
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. How To Create Profitly Account
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and 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 alternative to start.
FAQ How To Create Profitly Account
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard which lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.