The stock market can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were at your best. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. This review will be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Lol Wild Rift Review
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Lol Wild Rift Review
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account there for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms in addition to 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 trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. 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 tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of expertise. Lol Wild Rift Review
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder as well as 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
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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. Lol Wild Rift Review
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of many of the features of the Novice plan. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for those who are looking forward to this tier. Lol Wild Rift Review
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be more laid back and less active, while another might be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in 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 handling trading matters but the experts already know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Lol Wild Rift Review
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading 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 live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for most of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have curiosity. Lol Wild Rift Review
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Lol Wild Rift Review
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.