Stock trading can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were at your best. If you are immersed in the water You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement within the field. This review will take an in-depth look at Profit.ly, a well-recognized 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 Behind Ear
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions 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 sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner 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 is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter writers and students as well as) allowing all users to gain insight into both the wins and losses to benefit the industry of trading. Profitly Behind Ear
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving success. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create a profile with your experiences and knowledge, then 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 mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you can also utilize Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. Penny stock trading is an opportunity for small companies to move into a larger market because it gives them access to funds from the 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.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trading professional. At 25 years old, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money through their years of knowledge. Profitly Behind Ear
At its height, Profit.ly had housed up to five gurus, all of them a professional 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 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. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Behind Ear
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, and email 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 through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be 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 month. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats that could be a problem for those who are eager to try this new tier. Profitly Behind Ear
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to select from a variety of video products created to help you understand the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be more laid back and less active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly Behind Ear
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous 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’ll be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Behind Ear
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Behind Ear
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are 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 learn and improve in acquiring opportunities on the stock market left and right.