Stock trading can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Is Pointless Prize Money Shared
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards professionals 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 trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” The concept Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students and secondly) making it possible for all users to be enlightened by the losses and wins for the trading industry’s benefit. Is Pointless Prize Money Shared
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders. You can also use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial profits from their collective years of expertise. Is Pointless Prize Money Shared
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing 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. In light of that we’ll take a look at the packages each guru can 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 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Is Pointless Prize Money Shared
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process by 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 as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. This plan allows that you are able to create a private profile to share with other associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats this might be a drawback for some who may be looking forward to this tier. Is Pointless Prize Money Shared
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount when billed 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 opportunity to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. Some may be more laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to choose from the items on its store online that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but eventually 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 the traders with years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at dealing with trading issues however, experienced traders know how it works along with the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Is Pointless Prize Money Shared
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to 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 get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. Is Pointless Prize Money Shared
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Is Pointless Prize Money Shared
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.