Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were your peak. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you to improve your performance in the market. We’ll take an in-depth look at Profit.ly is a well-known all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profit Versus Nonprofit
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative responsible, transparent, and encouraging each other by offering a wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for communication and trade that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on showing every trade, something that was never previously done.” The concept Sykes said served two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Profit Versus Nonprofit
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You may set up an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to demonstrate value to a large group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, via screenshots. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial profits from their collective years of knowledge. Profit Versus Nonprofit
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app 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 that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profit Versus Nonprofit
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all 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 do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to use the majority of features available in the novice plan. This plan allows that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders, which could be a problem for those anticipating this level. Profit Versus Nonprofit
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month with an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be laid back and less active, while another might be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Profit Versus Nonprofit
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of products and packages offered might not be enough for most of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users will immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have an open mind. Profit Versus Nonprofit
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profit Versus Nonprofit
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.