Stock trading can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you are always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance within the field. We’ll take a 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.
Total Rating: 4.1/5 Profily Outlook
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps 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. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for all users to gain insight into both losses and wins for the trading industry’s benefit. Profily Outlook
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed at achieving success. You may set up an account at no cost, however you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove that you’re worthy to the community of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their collective years of knowledge. Profily Outlook
At its peak, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices; text, e-mail 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profily Outlook
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and E-mail 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, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that cater to traders with 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 beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ stats, which could be a problem for those who are anticipating this level. Profily Outlook
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, with a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips from events like 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 range of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One might 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 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 the most experienced. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items on its store online to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Profily Outlook
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question is: 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 the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep an open mind. Profily Outlook
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profily Outlook
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.