Stock trading is an extremely risky game. Some days, you may enjoy 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 find yourself always in the mud, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your improvement in the industry. This review will take a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly 529
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus as well as newsletter writers and students and secondly) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly 529
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse 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 it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses and the capability to see 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it 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 place for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Profitly 529
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: the 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to 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 most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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In “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. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly 529
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
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. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use a majority of features from the Novice plan. It is in this plan that you are able to create an account that is private to share with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ stats this might be a drawback for some who may be anticipating this level. Profitly 529
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few other services they provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be laid back and rarely active, while another may be more online and communicative with their students. Think of chatrooms 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 beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational 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 members. Additionally, they can choose from the items from its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their skills in trading. 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 does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Profitly 529
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have an open mind. Profitly 529
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could find Profit.ly’s range of resources useful when they try their best to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly 529
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 category on the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.