Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were at your most productive. If you find yourself immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Kroyrunner 89 Profitly
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter writers and students as well as) giving all users to learn from both the wins and losses for the trading industry’s benefit. Kroyrunner 89 Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared toward success. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t 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 sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the community of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can decide to share your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account, and more ways to communicate 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 his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of expertise. Kroyrunner 89 Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, 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 has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will 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 purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on 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 highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Kroyrunner 89 Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the market, 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 with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you’re interested in gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from The Novice package. In this plan, that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that could be a problem for those who are eager to try this new tier. Kroyrunner 89 Profitly
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve 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 trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be a laid-back person who is less active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s array of features to their best advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Kroyrunner 89 Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Kroyrunner 89 Profitly
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Kroyrunner 89 Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the ‘My Trade category on the dashboard which lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on 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 the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are on 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 assist each other to grow and learn more about acquiring opportunities on the stock market left and right.