Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were at your best. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you to improve your performance in the market. We’ll take a 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
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing every trade, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) giving everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Besides Cash
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection 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 in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it 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 played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit through their years of expertise. Profitly Besides Cash
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Besides Cash
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to use a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics that might be a drawback for some who may be eager to try this new tier. Profitly Besides Cash
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, where customers can choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items from 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’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Besides Cash
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as 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 dependable trader
- Apart from its main capabilities, 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 plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep curiosity. Profitly Besides Cash
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce loss and perform better than they did before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Besides Cash
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.