The stock market can be an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your best. If you’re always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement within the field. This review will be taking a look at Profit.ly A well-respected all-in-one 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 Mike Crook Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as a social media site akin 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 of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and newsletter authors and students as well as) giving everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Mike Crook Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving success. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate your worth to a large group 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 assertions.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small companies to move into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made significant amounts of profit from their combined years of experience. Mike Crook Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $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 in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Mike Crook Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep 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 program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create an account that is private to share with other associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for some who may be looking forward to this tier. Mike Crook Profitly
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month and an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips taken 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’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could 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 best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can select from the products on its store online for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as adept at handling trading matters but the experts already know the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Mike Crook Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have curiosity. Mike Crook Profitly
What we are referring to”yes” is it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to reduce losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Mike Crook Profitly
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard that lets you record your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.