Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement within the field. We’ll take an in-depth look at Profit.ly, a well-recognized 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 Link Ib To Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” This idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts and newsletter writers and students and secondly) giving anyone on the platform to learn from the losses and wins to benefit the industry of trading. Link Ib To Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward the success of their business. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb 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 the performance of the trading community and its gurus. You’re not just allowed to prove value 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 claims.
If you are unsure about the idea of divulging your brokerage account, then you could opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom in addition to 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 well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Link Ib To Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
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 the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Link Ib To Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is 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 daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private profile, thus making your actions public. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up an account that is private to share with other associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this might be a drawback for those eager to try this new tier. Link Ib To Profitly
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, and 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of videos designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be more laid back and less active, while another might be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, however, they will soon learn that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits 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 fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Link Ib To Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main 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 plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Link Ib To Profitly
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful when they try their best to reduce losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Link Ib To Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.