Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your most productive. If you are immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. This review will take the time to 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.
Overall Rating: 4.1/5 Profit Opposite Meaning
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders new to trading and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner 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 it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students as well as) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Profit Opposite Meaning
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account there at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
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 an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can opt to post your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile and other methods to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of knowledge. Profit Opposite Meaning
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who 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. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profit Opposite Meaning
The Superman Alerts plan is an offer of the most 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 app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, 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 ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from The Novice package. This plan allows that you are able to create a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders that could be a disadvantage for some who may be anticipating this level. Profit Opposite Meaning
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month with a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they offer. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage of The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on 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 way in operating their chat room and in dealing with the members there. Some may be a laid-back person who is not very often active, while another might be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be treated as a joke.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. 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. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profit Opposite Meaning
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you should have the ability to think with an open heart. Profit Opposite Meaning
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profit Opposite Meaning
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade’ category of the dashboard which lets you post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, 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 stock market opportunities all over the world.