Stock trading can be an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfactory numbers. 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 be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you in your growth in the market. We’ll be taking the time to look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Perfitly Llc
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification and a rich 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 traders who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Perfitly Llc
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or not, via photographs. In Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile as well as other ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial amounts of money through their years of experience. Perfitly Llc
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 most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who 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. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as text, e-mail 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 per month, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Perfitly Llc
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers 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 community. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which could be a problem for those looking forward to this tier. Perfitly Llc
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is less engaged, while another could be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading, the pros already understand how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Perfitly Llc
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 tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
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 scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you should have an open mind. Perfitly Llc
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Perfitly Llc
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the ‘My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.