Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the market. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profily Bfdi Wiki
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for communication and trade 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. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profily Bfdi Wiki
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward achievement. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its experts. It’s not just a way to prove that you’re worthy to the group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading classes 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 text and e-mail alerts and 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 the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an avenue for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms, 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 for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of expertise. Profily Bfdi Wiki
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on 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 package. It costs $149.95 per month, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profily Bfdi Wiki
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. 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 ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices 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 plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in 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 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 develop their trading skills. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this could be a disadvantage for those who are eager to try this new tier. Profily Bfdi Wiki
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off for annual billing, this tier has it all. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of 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
In addition to the training tools and the Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. It is ideal to use 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 as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profily Bfdi Wiki
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you should have curiosity. Profily Bfdi Wiki
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profily Bfdi Wiki
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade category on the dashboard that allows you to post your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
