The stock market can be a high-stakes game. On some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you’re always in the mud You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses and you’re likely to require 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 globe, which is why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profily Asset Bfb
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus and newsletter authors and students and secondly) allowing anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Profily Asset Bfb
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared toward the success of their business. You can create an account at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a group of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you may decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms 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 trader who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing 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 most appealing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of knowledge. Profily Asset Bfb
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. 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, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profily Asset Bfb
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can create a private profile to share with other associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats this could be a disadvantage for some who may be anticipating this level. Profily Asset Bfb
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month with an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of 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 tools for training and leadersboards Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. Some may be laid back and less active, while another may be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed 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 those who are just starting. While novice traders may not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Profily Asset Bfb
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Profily Asset Bfb
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profily Asset Bfb
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. 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 unauthentic trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.
