Stock trading is a high-stakes game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you are immersed in the water You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your improvement in the industry. In this review, we’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly After Tax
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students as well as) allowing all users to gain insight into both losses and wins for the trading industry’s benefit. Profitly After Tax
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 toward success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to prove value to a community of traders, but you can also utilize Profit.ly to shop from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus through the chatroom as well as notifications via email or text as well as 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 his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small businesses to transition into a larger market because it allows them to access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. 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 against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made significant amounts of profit through their years of experience. Profitly After Tax
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most prominent experts were 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. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional 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 trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly After Tax
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what 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 world of trading. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades and, finally, see other people’s statistics.
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, which makes your activities publicly available. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you can set up a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be anticipating this level. Profitly After Tax
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, with an additional 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be more laid back and not very often active, while another might be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items on its store online for them to take wherever they travel. You can also get hands-on experience trading on the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as adept at managing trading however, experienced traders know how it works and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Profitly After Tax
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics 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 verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly After Tax
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly After Tax
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the ‘My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic 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 blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
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 looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.