The stock market 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 extremely difficult to return to the point you were at your peak. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will take an in-depth 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. 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 Word
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as 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 an interview for Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profit Opposite Word
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. It’s not just a way to prove your worth to a 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 legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can choose to publish your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus through the chatroom along with 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 famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small companies to move to a market that is larger as it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Profit Opposite Word
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is 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. It costs $149.95 per month, it is a great option for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profit Opposite Word
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, 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, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a problem for some who may be anticipating this level. Profit Opposite Word
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely engaged, while another could be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of 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 in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to them as the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works and the risky mix that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profit Opposite Word
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could 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 number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Profit Opposite Word
What we do mean”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful 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 desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profit Opposite Word
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade section of the dashboard which lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.
