Stock trading can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your peak. If you are constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your improvement within the field. We’ll take a look at Profit.ly, a well-recognized 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.
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Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as 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 an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept, he added, served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) allowing everyone on the platform to learn from both losses and wins to the benefit of the trading industry. K And K Pickup Review
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared toward success. You can create an account at no cost, however you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, 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 we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. It’s not only a chance to show your worth to a community of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, 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 earned significant amounts of profit through their years of experience. K And K Pickup Review
At its peak, 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 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 the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, texts, emails, 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 per month, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. K And K Pickup Review
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Some of the 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 messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. This plan allows that you can create 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 will do what the name implies: Cater for those looking to harness their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a disadvantage for those who are looking forward to this tier. K And K Pickup Review
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, and 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are created to 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. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from 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 variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be more laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms 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 cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. K And K Pickup Review
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. K And K Pickup Review
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ K And K Pickup Review
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade section of the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit 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.