The stock market can be a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were your best. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving 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. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll take the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 How To Import Trades Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. 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 from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter writers and students and secondly) giving all users to gain insight into both losses and wins for the trading industry’s benefit. How To Import Trades Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You can create an account on the site for free, but you’re only given the capability to browse the leaderboard and follow 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 You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove value to a large group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, verified or otherwise, through photographs. Included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts through the chatroom along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for 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 market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as 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, made more than $6 million in profits during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of experience. How To Import Trades Profitly
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast 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 application that is available to iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. How To Import Trades Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics this might be a drawback for some who may be anticipating this level. How To Import Trades Profitly
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be laid back and less engaged, while another could be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and their members. Additionally, they can choose from the items from its online store to carry with them wherever they go. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. How To Import Trades Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. How To Import Trades Profitly
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful when they try their best to incur lesser loss and perform better than before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ How To Import Trades Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on 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 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 stock market opportunities left and right.