Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were at your best. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth in the industry. We’ll take an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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.
Total Rating: 4.1/5 Profit Def
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) allowing all users to learn from both the wins and losses to benefit the industry of trading. Profit Def
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving achievement. You may set up an account on the site for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove your worth to a large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Profit Def
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader 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 the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers 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 be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profit Def
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. This plan allows that you are able to create an account that is private to share with other associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for some who may be eager to try this new tier. Profit Def
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, which includes a 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus 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 listed members. One might be laid back and rarely engaged, while another could be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know how it works along with the stack full of risks that come with it. It is ideal to use Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profit Def
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep curiosity. Profit Def
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s array of resources useful as they do their best to incur lesser losses and perform better than before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profit Def
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the “My Trade section of the dashboard. It allows you to post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with 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 is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
