Stock trading can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to where you were your peak. If you are immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your improvement in the market. This review will take the time to look at Profit.ly is a well-known 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 Chat Room
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The concept Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly Chat Room
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared toward success. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to show your worth to a group of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at 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 public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his 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 a trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their collective years of experience. Profitly Chat Room
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own 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; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Chat Room
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and, lastly, view 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 aren’t able to create a personal profile, thus making your personal information public. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders that could be a problem for those anticipating this level. Profitly Chat Room
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You may be familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be more laid back and less engaged, while another could be more active and in touch to their pupils. Think of 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 the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Profitly Chat Room
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have curiosity. Profitly Chat Room
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Chat Room
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.