The stock market can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking an in-depth look at Profit.ly is a well-known all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Jonk87 Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are starting out as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Jonk87 Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed toward success. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts through the chatroom as well as notifications via email or text 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 delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Jonk87 Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: Founder and 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Jonk87 Profitly
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking 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 up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets 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 for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders that could be a disadvantage for those anticipating this level. Jonk87 Profitly
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is less active, while another might be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items on its store online for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as 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 help assist them in the ever-changing trading process. Jonk87 Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication 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 trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array 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 a lot of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. Jonk87 Profitly
What we mean”yes” is it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s array of resources helpful when they try their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Jonk87 Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the My Trade’ category of the dashboard. It lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.