Stock trading is an exciting game with high stakes. On some days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it can be extremely difficult to return to the point you were at your most productive. If you are immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance within the field. 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.
Overall Rating: 4.1/5 Kroyrunner89 Profitly
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed, transparent, accountable, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never prior to.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students as well as) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Kroyrunner89 Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward the success of their business. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to prove your worth to a group of traders, but you can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom along with 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 well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency, 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 variety of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Kroyrunner89 Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Kroyrunner89 Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you can set up a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ statistics that could be a problem for those eager to try this new tier. Kroyrunner89 Profitly
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, with a 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few other services they offer. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One might be more laid back and rarely active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Kroyrunner89 Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, 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 was not always intended to be created for this reason. Instead, it is best to keep curiosity. Kroyrunner89 Profitly
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Kroyrunner89 Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.