Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were your best. If you are immersed in the water You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve discovered 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 Profily Bfb Asset
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed, transparent, accountable, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin to 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 platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Profily Bfb Asset
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed at achieving success. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. You’re not just allowed to prove that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking screenshots. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms along with 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 trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because they can access capital from the 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 through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of expertise. Profily Bfb Asset
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field 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, however, 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 packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, as well as 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profily Bfb Asset
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
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 resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. This plan allows that you can create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those anticipating this level. Profily Bfb Asset
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can select from the products in its online store to carry with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Profily Bfb Asset
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Profily Bfb Asset
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources to be helpful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profily Bfb Asset
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the My Trade section of the dashboard that lets you post your trades that are verified or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from friends and 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 dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.