Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require 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 found an option that can help you to improve your performance in the industry. We’ll be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Amid Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profitly Amid Stock
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself a chance to shoot 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 an insight into the performance of the trading community as well as its experts. You’re not just allowed to show value to a large group of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or not, via pictures. Included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts through the chatroom along with 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 involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access capital 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 thanks to his years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. Profitly Amid Stock
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder and 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as 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 most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional 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 total trading profits. Profitly Amid Stock
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition 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 world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders this could be a problem for some who may be anticipating this level. Profitly Amid Stock
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, and a 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few other services they offer. One of them is the online store, which allows users to select from a variety of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Profitly Amid Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Profitly Amid Stock
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and perform better than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Amid Stock
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that allows you to post your trades that are verified or not. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 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 opportunities on the stock market left and right.
