Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to return to where you were at your peak. If you are immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your growth within the field. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Atiqe
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees 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 expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students as well as) giving everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Profitly Atiqe
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers 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 be given a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group and its experts. It’s not only a chance to demonstrate value to a group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to email and text alerts 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 the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered 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 experience. Profitly Atiqe
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, 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 we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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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 both 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 profits. Profitly Atiqe
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders at 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 new to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study 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 but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you are able to create an account that is private to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills 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 other traders’ stats, which might be a drawback for those anticipating this level. Profitly Atiqe
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can 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 can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be more laid back and rarely active, while another may be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Atiqe
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly Atiqe
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Atiqe
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade’ category of the dashboard which lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are 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 assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.