The stock market can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were your peak. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve found an option that can help you in your improvement within the field. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Vs Earnings
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long 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.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students and secondly) giving anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profit Vs Earnings
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared at achieving achievement. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board 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 large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational 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 made significant amounts of profit from their combined years of knowledge. Profit Vs Earnings
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this 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 Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones 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 small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profit Vs Earnings
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats, which might be a drawback for some who may be anticipating this level. Profit Vs Earnings
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, and 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site 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 and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be more laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to select from the products on its store online to carry with them wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to those who are just starting. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Profit Vs Earnings
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate 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 main features, 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 levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- If traders decide to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you should have curiosity. Profit Vs Earnings
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Profit Vs Earnings
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.