The stock market can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the market. In this review, we’ll take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 John Rutter List Of Works
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 informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. John Rutter List Of Works
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving success. You may set up an account on the site for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to show your worth to a community of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could opt to post your trades, either verified or not, by taking photographs. Also included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to interact with your experts via chatrooms as well as email and text alerts as well as 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 penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit from their collective years of expertise. John Rutter List Of Works
At its peak, Profit.ly had housed up to five gurus, all 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 however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as 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 most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both 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 trading earnings. John Rutter List Of Works
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to see the statistics of other traders, which could be a problem for those who are looking forward to this tier. John Rutter List Of Works
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes 22% off when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able 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 all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
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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 as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be laid back and less active, while another may be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able to select from the products from its online store for them to take wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. John Rutter List Of Works
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost 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 customers
- If traders decide to make any type of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the number of 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 an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. John Rutter List Of Works
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ John Rutter List Of Works
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
