Stock trading can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to return to the point you were at your peak. If you are always in the mud it is important be aware that relying solely on instinct and survival might not 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 colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. We’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Jackaroo Trades Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” This idea Sykes said served two objectives: one) making public records for not just the gurus and students and newsletter writers and secondly) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Jackaroo Trades Profitly
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared toward success. You may set up an account there for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, you may decide to share your trades, verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, along with 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 personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of experience. Jackaroo Trades Profitly
At its peak, 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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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 take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Jackaroo Trades Profitly
The Superman Alerts plan is an 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 stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create a private profile to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a problem for those who are looking forward to this tier. Jackaroo Trades Profitly
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can select from a variety of video products designed to inform and guide you through 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. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be more laid back and rarely active, while another might be more active and in touch with their students. Consider chat rooms like 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 trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items from its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Jackaroo Trades Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many 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 provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its users
- If traders decide to make any type of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you need to have an open mind. Jackaroo Trades Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may discover Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Jackaroo Trades Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.
