Stock trading is an exciting game with high stakes. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your best. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 How To Set Up Message Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed responsible, transparent, and encouraging each other through its broad range of features and tools like 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 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 advanced analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. How To Set Up Message Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to prove value to a community of traders, as you can also use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through photographs. In Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as 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 is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of knowledge. How To Set Up Message Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. How To Set Up Message Profitly
The Superman Alerts plan is his offer of the most 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 as well as the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of many of the features of 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 information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those eager to try this new tier. How To Set Up Message Profitly
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be more laid back and rarely active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational 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 their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll realize 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 for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. How To Set Up Message Profitly
Profit.ly’s Pros and Cons
The Pros
- 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 get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. How To Set Up Message Profitly
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ How To Set Up Message Profitly
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
