Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 The War
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative, transparent, accountable, and encouraging one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Amid The War
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide 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 group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may opt to post your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of courses in trading, the ability to view 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 trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small companies to move to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful 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.” He made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Profitly Amid The War
At its height, Profit.ly had housed up to five gurus, all 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 a few 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, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
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 monthly, this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Amid The War
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three 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. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Profitly Amid The War
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month and 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of 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
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of video products created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be a laid-back person who is rarely active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. Additionally, they can choose from the items from its online store for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Profitly Amid The War
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Amid The War
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources to be helpful in their efforts to avoid loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Amid The War
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard that allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.