Stock trading is a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter it is important to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Besides Cash App
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people new to trading as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never done before.” The concept, he added, served two purposes: 1) creating public track records for not just the gurus, but also the students and newsletter writers as well as) allowing all users to learn from the losses and wins for the trading industry’s benefit. Profitly Besides Cash App
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account for free, but you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to prove your worth to a community of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits from their combined years of experience. Profitly Besides Cash App
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each 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 trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Besides Cash App
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do 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 messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
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 can set up an account that is private to share with other associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their expertise in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a problem for some who may be anticipating this level. Profitly Besides Cash App
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create your own private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few additional services that it can offer. One of these is its online store, which lets users select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be laid back and not very often active, while another might be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to people who are just beginning. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to improve their trading skills. 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-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Profitly Besides Cash App
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, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Profitly Besides Cash App
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s array of resources helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Besides Cash App
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade section of the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.