Stock trading is a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. This review will be taking 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.
Overall Rating: 4.1/5 How To Open A Profitly Account
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts as well as newsletter writers and students and secondly) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. How To Open A Profitly Account
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared toward achievement. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus 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 simple: Create an account with your experience and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to prove your worth to a community of traders, but you can also use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through pictures. Also 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, and more ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as they can access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with 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 useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits through their years of knowledge. How To Open A Profitly Account
At its peak, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 trading profits. How To Open A Profitly Account
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
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 can set up an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders, which could be a disadvantage for those eager to try this new tier. How To Open A Profitly Account
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro level is ideal 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, where customers can choose from a wide array of video products created to provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be laid back and not very often active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works along with the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. How To Open A Profitly Account
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, 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 in this way. Instead, it is best to keep curiosity. How To Open A Profitly Account
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s variety of resources helpful as they do their best to reduce losses and perform better than before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ How To Open A Profitly Account
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities all over the world.
