Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to return to the point you were at your most productive. If you are always in the mud You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance within the field. This review will take an in-depth 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.
Total Rating: 4.1/5 Majorleaguetrading Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar like 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 for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Majorleaguetrading Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to show value to a large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, as well as 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their combined years of knowledge. Majorleaguetrading Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this 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 take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Majorleaguetrading Profitly
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders that could be a problem for those looking forward to this tier. Majorleaguetrading Profitly
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your 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 related to short stocking, penny stocking, as well as all things trading-related, clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be laid back and not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints along the way.
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! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Majorleaguetrading Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core 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 variety of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you should have curiosity. Majorleaguetrading Profitly
What we mean”yes” is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources useful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Majorleaguetrading Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade’ category of the dashboard which allows you to post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.