The stock market can be a high-stakes game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your best. If you find yourself always in the mud, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your improvement within the field. This review will take a look at Profit.ly A well-respected 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 Put Porfolio On Profitly
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of every trade, something that was never done before.” The concept was, he said, serving two purposes: 1) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. How To Put Porfolio On Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed towards achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading is an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of 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 sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of knowledge. How To Put Porfolio On Profitly
At its peak, Profit.ly had housed up to five gurus, each of them an expert 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. 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. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. How To Put Porfolio On Profitly
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re looking to get access to this feature, keep an eye on us as we present 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. This plan allows that you are able to create a private profile to share with other associates all your insights 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 improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able view other traders’ statistics that could be a problem for those who are anticipating this level. How To Put Porfolio On Profitly
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of video products that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One might be a laid-back person who is not very often active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. How To Put Porfolio On Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you should have the ability to think with an open heart. How To Put Porfolio On Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly want to become a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ How To Put Porfolio On Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the “My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.