Stock trading can be an extremely risky game. Some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were your most productive. If you are constantly stuck in the gutter You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the market. In this review, we’ll be taking 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.
Overall Rating: 4.1/5 How To Win Let It Ride
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable responsible, transparent, and encouraging each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In 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 concept was, he said, serving two purposes: 1) creating public track records for not just the gurus and students and newsletter writers and secondly) making it possible for anyone on the platform to learn from the losses and wins to benefit the industry of trading. How To Win Let It Ride
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. You may set up an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to prove value to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of expertise. How To Win Let It Ride
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who 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. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. How To Win Let It Ride
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with other associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders this could be a disadvantage for those anticipating this level. How To Win Let It Ride
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be more laid back and not very often active, while another may be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to choose from the items on its store online for them to take wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. How To Win Let It Ride
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature 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 extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you should have the ability to think with an open heart. How To Win Let It Ride
What we are referring to”yes” is it can be a great learning tool. People who are 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 they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ How To Win Let It Ride
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the My Trade’ category of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
