Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. We’ll take a 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.
Total Rating: 4.1/5 Profit Opposite Name
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Profit Opposite Name
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You can create an account at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join 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 we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, via photographs. Included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small businesses to transition into a larger market because they can access money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of expertise. Profit Opposite Name
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: 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 Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profit Opposite Name
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary shown 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 a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we 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 confirm the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats this could be a problem for some who may be eager to try this new tier. Profit Opposite Name
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to select from a variety of videos created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be more laid back and not very often active, while another might be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Profit Opposite Name
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build 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 individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Profit Opposite Name
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want 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 Opposite Name
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be assigned 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 users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and 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 currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
