Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be very difficult to get back to where you were at your peak. If you are immersed in the water You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly, a well-recognized one-stop 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.
Overall Rating: 4.1/5 Profitly 7Th Edition
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The concept was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) giving everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly 7Th Edition
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward success. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to show value to a group of traders, but you can also utilize Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may decide to share your trades, either verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts in 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 trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of knowledge. Profitly 7Th Edition
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, 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. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly 7Th Edition
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
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. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $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, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders this could be a disadvantage for those who are anticipating this level. Profitly 7Th Edition
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these features, 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 all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, which lets users select from a variety of video products that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One of them may be more laid back and rarely active, while another might be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items in its online store that they can take with them wherever they may be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to the newcomers. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Profitly 7Th Edition
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to immediately 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 could come up with an answer to this question, 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. Profitly 7Th Edition
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly 7Th Edition
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the ‘My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being dishonest 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 Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities all over the world.