Stock trading is a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your best. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers and secondly) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profily Bfdi
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see 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 simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its gurus. You’re not just allowed to prove value to a community of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may opt to post your trades, either verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts 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 personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you 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 profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Profily Bfdi
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the 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 Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase 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, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each 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. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profily Bfdi
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Profily Bfdi
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of 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 leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, which lets users select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips 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 array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is less active, while another might be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice by its internal gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to the newcomers. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Profily Bfdi
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as 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 authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Profily Bfdi
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful when they try their best to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profily Bfdi
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you post it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.