Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were at your peak. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll take an in-depth 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 Beside Me
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea Sykes said served two objectives: one) making public records for everyone, not just the experts and newsletter writers and students and secondly) allowing everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Beside Me
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed at achieving achievement. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account with your experience and skills, join your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show that you’re worthy to the community of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, via pictures. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts via chatrooms as well as 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 is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial profits from their collective years of experience. Profitly Beside Me
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: 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 look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Beside Me
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders, which might be a drawback for some who may be anticipating this level. Profitly Beside Me
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, with 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of them is the online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can choose from the items from its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to them as the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned 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 skills to others as a way to help assist them in the ever-changing trading process. Profitly Beside Me
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to receive excellent training 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 with accurate analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Profitly Beside Me
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s variety of resources helpful when they try their best to avoid losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Beside Me
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version 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 because they are not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.