Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfactory 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 need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you in your growth 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.
Total Rating: 4.1/5 Profitly After Hours
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide 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 website that serves both as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines 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 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 guarantees that the trades are authentic 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 expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students as well as) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly After Hours
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed at achieving success. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its gurus. It’s not just a way to show that you’re worthy to the group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, either verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per 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 public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as 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 of transparency, and to allow the community to rise 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 learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. Profitly After Hours
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, 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 most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated every week.
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In “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. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly After Hours
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will 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. As you sign to 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 we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can create a private profile to share with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics this could be a problem for some who may be anticipating this level. Profitly After Hours
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One of them may be a laid-back person who is less active, while another might be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able select from the products in its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at managing trading however, experienced traders know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! 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 display their skills to others as a way to navigate them through the ever-changing trading process. Profitly After Hours
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. Profitly After Hours
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly After Hours
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the “My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.