Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement within the field. We’ll take the time to 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 Atiwe
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” The idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus, but also the students and newsletter writers and secondly) allowing all users to learn from both losses and wins to benefit the industry of trading. Profitly Atiwe
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll be given an opportunity to make 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 the performance of the trading community and its experts. It’s not just a way to show value to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, you can decide to share your trades, either verified or not, via screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account and other methods to connect with your gurus through the chatroom in addition to text and e-mail alerts and 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, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading is a stepping stone for small companies to move into a larger market because it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years 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 trading professional. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial amounts of money through their years of knowledge. Profitly Atiwe
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices; texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Atiwe
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base 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 daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs 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 get you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this package you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you do want to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to view the statistics of other traders that might be a drawback for those who are eager to try this new tier. Profitly Atiwe
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 each month with 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can select from a variety of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from events like 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 array of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be more laid back and not very often active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for every person.
For instance, newbies will appreciate 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. Additionally, they can select from the products in its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky 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 to people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Profitly Atiwe
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 an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep curiosity. Profitly Atiwe
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Atiwe
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.