Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were your most productive. If you find yourself always in the mud it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. This review will be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profit Opposite Definition
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and encouraging each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly 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 his appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students, and 2) giving everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profit Opposite Definition
How Does It How Does It
Profit.ly utilizes a subscription model which 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 only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to join one 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’ll be given the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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 refers to a small company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other through 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 company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial profits from their combined years of expertise. Profit Opposite Definition
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profit Opposite Definition
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $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, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Profit Opposite Definition
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You may be 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 support. However, in Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be more laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profit Opposite Definition
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, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to provide
The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Profit Opposite Definition
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profit Opposite Definition
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the My Trade’ category of the dashboard which allows you to post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.