Stock trading is a high-stakes game. Some days, you may have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were your peak. If you are constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance in the market. We’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Arickrussel
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) giving anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Profitly Arickrussel
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared toward success. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show your worth to a community of traders. You can also use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, verified or not, by taking photographs. In Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in 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 personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial profits from their combined years of experience. Profitly Arickrussel
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the most prominent experts included 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: the 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 take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own 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; 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, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Arickrussel
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their trading skills. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for those who are eager to try this new tier. Profitly Arickrussel
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms 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 social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be a laid-back person who is rarely engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Profitly Arickrussel
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Profitly Arickrussel
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really want to become a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Arickrussel
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
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 probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does 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 in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.