The stock market can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement in the market. In this review, we’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 John Baron Portfolio Reviews
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students, and 2) allowing all users to gain insight into both the wins and losses to benefit the industry of trading. John Baron Portfolio Reviews
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward achievement. You may set up an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the actions 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 it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to prove value to a community of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can opt to post your trades, verified or not, via screenshots. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts in the chatroom, along with 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small companies to move to a market that is larger as they can access funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety 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 knowledge. John Baron Portfolio Reviews
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent gurus included 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 this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals 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 via Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase in 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 premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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 trading profits. John Baron Portfolio Reviews
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, 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 and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all 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 eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. As you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, you should stay tuned as we introduce 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. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. John Baron Portfolio Reviews
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be laid back and not very often engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able select from the products from its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. John Baron Portfolio Reviews
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by picking the most profitable 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 instantly benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have an open mind. John Baron Portfolio Reviews
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful as they do their best to reduce loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ John Baron Portfolio Reviews
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.