Stock trading can be a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the industry. This review will be taking the time to 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 Profitly 1099
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 permits traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those new to trading as well as a place for traders with experience to keep track of 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 offers gurus with worthwhile investments within the confines that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Profitly 1099
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-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 subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot 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 an insight into the performance of the trading community and its experts. You’re not just allowed to prove that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an avenue for small companies to move into a larger market because it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits from their combined years of knowledge. Profitly 1099
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder and 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts as well as unlimited access to a rich 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 is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly 1099
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking 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 at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
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 account, making your personal information public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders that could be a disadvantage for some who may be looking forward to this tier. Profitly 1099
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes 22% off for billing annually This plan offers it all. It gives you full, unlimited access to all features from the two prior plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes from 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 variety of features and services. You are probably 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 on Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly 1099
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform 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 additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for a lot of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous 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 an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Profitly 1099
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s array of resources useful when they try their best to avoid 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 care about being more successful in trading and would like 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 option to begin.
FAQ Profitly 1099
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up 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 the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.
