Stock trading can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your best. If you’re immersed in the water, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement in the market. In this review, we’ll take the time to look at Profit.ly A well-respected 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 Allentheboss123 User
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Profitly Allentheboss123 User
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to 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 well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a market that is larger as it gives them access to 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.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. Profitly Allentheboss123 User
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Allentheboss123 User
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign to this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Profitly Allentheboss123 User
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be laid back and less active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in 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 novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products from its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Profitly Allentheboss123 User
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Profitly Allentheboss123 User
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and perform better than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and 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 along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Allentheboss123 User
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable 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 screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
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 version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.