Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were at your most productive. If you’re immersed in the water You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the market. We’ll be taking the time to 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 At Home Depot
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” The concept Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly At Home Depot
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared toward success. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not just a way to prove that you’re worthy to the community of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, by taking pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access capital 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.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Profitly At Home Depot
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts were 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. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
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; text, e-mail 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 the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly At Home Depot
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats that could be a problem for those who are anticipating this level. Profitly At Home Depot
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be more laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading 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 see Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to use Profit.ly’s array of features to their best advantage to develop their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly At Home Depot
Profit.ly’s Pros and Cons
- 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 communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order 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 many features the platform is able to offer
The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you should have curiosity. Profitly At Home Depot
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly At Home Depot
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard that lets you post your trades, either 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 can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The downside of having 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 people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize 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.