Stock trading can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement within the field. We’ll 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 401K
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informed, transparent, accountable, and uplifting with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” This idea, he added, served two objectives: one) creating public track records for not just the gurus and newsletter writers and students as well as) giving anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly 401K
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to prove your worth to a community of traders, as you are also able to use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. At 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their collective years of knowledge. Profitly 401K
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most famous 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 the platform: 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as 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, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly 401K
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with other associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ statistics this might be a drawback for some who may be anticipating this level. Profitly 401K
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix that come with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Profitly 401K
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep curiosity. Profitly 401K
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly 401K
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- 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 reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does 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 in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
