Stock trading can be an extremely risky game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth within the field. This review will take an in-depth look at Profit.ly A well-respected 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 Bfsu
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are starting out and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards 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 ensures that the trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for all users to be enlightened by both losses and wins for the trading industry’s benefit. Profily Bfsu
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving success. You can create an account on the site for free, but you’re only given 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 and see what stocks the experts 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.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not just a way to show value to a community of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, you can decide to share your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial profits through their years of experience. Profily Bfsu
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; texts, emails 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 version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profily Bfsu
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market updates in real time, and SMS and e-mail 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 the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of 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 trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this could be a disadvantage for some who may be anticipating this level. Profily Bfsu
This is by far the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give 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 training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One might be laid back and less active, while another may be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Profily Bfsu
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy 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 unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have an open mind. Profily Bfsu
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profily Bfsu
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app 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 functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.