Stock trading is a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll be taking a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Beside The Stock Market
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus and students and newsletter writers as well as) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Beside The Stock Market
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed at achieving success. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove that you’re worthy to the community of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a market that is larger as they can access money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial profits from their collective years of expertise. Profitly Beside The Stock Market
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of 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.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Beside The Stock Market
The Superman Alerts package is his offer of the most 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 along with the mobile application, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you can create an account that is private to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a problem for those anticipating this level. Profitly Beside The Stock Market
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all the features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which lets users choose from a wide array of video products designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You are probably familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is less active, while another might be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum, in 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, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items in its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as adept at managing trading, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Beside The Stock Market
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. Profitly Beside The Stock Market
What we mean”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Beside The Stock Market
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the My Trade’ category of the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people 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 develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
