Stock trading is a high-stakes game. On certain days, you might enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you are immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance in the market. This review will take a look at Profit.ly A well-respected 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. 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 Upload Trades On Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not 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 fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two objectives: one) making public records for not just the gurus and newsletter writers and students as well as) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. How To Upload Trades On Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings 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 knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its experts. It’s not only a chance to demonstrate 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 with their expertise and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, as well as 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 his involvement in penny stock trading. According to Investopedia 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 avenue for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of expertise. How To Upload Trades On Profitly
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder and 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 an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. How To Upload Trades On Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with 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, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you can create a private profile for sharing with fellow 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: Cater to those who desire to develop their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a problem for those eager to try this new tier. How To Upload Trades On Profitly
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can choose from a wide array of videos created to help you understand the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of 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 array of services and features. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be more laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal 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 go. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. How To Upload Trades On Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics 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 reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have an open mind. How To Upload Trades On Profitly
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good choice to start.
FAQ How To Upload Trades On Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.