The stock market can be an exciting game with high stakes. On certain days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the industry. This review will be taking a look at Profit.ly, a well-recognized one-stop 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.
Total Rating: 4.1/5 Profitly Around The World
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The idea Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profitly Around The World
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group and its gurus. You’re not just allowed to prove value to a large group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can opt to post your trades, whether verified or not, via pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to 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 guru who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms, 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 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 amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of expertise. Profitly Around The World
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, email, text, 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. At $149.95 for a month it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Around The World
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, 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 take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a problem for some who may be anticipating this level. Profitly Around The World
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, which includes 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional 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 from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be 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. However, in Profit.ly, it is seen as a area where experts and 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. One of them may be more laid back and not very often engaged, while another could be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to select from the products from its online store that they can take with them wherever they travel. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be taken 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. While the newbies may not be as proficient in handling trading matters however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Profitly Around The World
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have an open mind. Profitly Around The World
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Around The World
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the “My Trade section of the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.