The stock market can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve found an option that can help you in your improvement within the field. 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 Firem
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) making it possible for all users to learn from both the wins and losses to benefit the industry of trading. Profily Firem
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account on the site at no cost, however 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 looking to invest your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a community of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may decide to share your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, 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 trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show 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 helped to establish Profit.ly as a platform 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 wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial amounts of money through their years of expertise. Profily Firem
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most famous experts 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: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profily Firem
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness 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 to see other traders’ stats this might be a drawback for some who may be anticipating this level. Profily Firem
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products on its store online that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Profily Firem
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase 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 photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. Profily Firem
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources useful as they do their best to avoid loss and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profily Firem
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are 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 version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.