Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. This review will take an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Profitly Cancellation
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 allows traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The idea was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students as well as) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Profitly Cancellation
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared at achieving success. You can create an account on the site for free, but you’re only given access to the leaderboards and monitor the actions 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 offerings, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its gurus. You’re not just allowed to show value to a group of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Beginning 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 the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their collective years of knowledge. Profitly Cancellation
At its height, Profit.ly had housed up to five gurus, all 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 a few others. As of this writing, only two gurus remain on this platform: 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to anticipate 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 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 package. Priced at $149.95 monthly, it is a great option for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional 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 Cancellation
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the 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 new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
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 set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their expertise in trading. As nice as it seems, 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 disadvantage for those who are eager to try this new tier. Profitly Cancellation
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, with a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able 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 you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to select from a variety of videos created to help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes 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 variety of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products on its store online that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Cancellation
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning 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 trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep curiosity. Profitly Cancellation
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really care about being a better trader and want to be taught by your fellows and gurus on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Cancellation
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard which lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all 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 help each other learn and improve in acquiring stock market opportunities left and right.
