Stock trading is an exciting game with high stakes. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to where you were at your most productive. If you are immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your growth in the market. This review will be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Amid Definition
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Amid Definition
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may opt to post your trades, verified or otherwise, through photographs. In Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Profitly Amid Definition
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans which includes alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Amid Definition
The Superman Alerts package is his package of vital features and trading alerts targeted 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 commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to see the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Profitly Amid Definition
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve 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 training tools and the leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be laid back and rarely active, while another might be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Amid Definition
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Profitly Amid Definition
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Amid Definition
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.