The stock market can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were at your peak. If you are constantly stuck in the gutter 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 and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the industry. This review will take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profily Odvahy
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative responsible, transparent, and uplifting with each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training 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 range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profily Odvahy
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not just a way to show value to a large group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile, and more ways to connect 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 personality who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of experience. Profily Odvahy
At its height, Profit.ly had housed up to five gurus. Each of them a pro 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, only two gurus remain on this platform: the founder of the penny stock market 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for 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 Odvahy
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking 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 going. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you do want to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to use many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for those eager to try this new tier. Profily Odvahy
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the risky mix associated with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Profily Odvahy
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous 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 provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep curiosity. Profily Odvahy
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck may discover Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profily Odvahy
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the “My Trade’ category of 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 importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app 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 app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.