The stock market can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you’re always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the market. We’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Chatroom
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms 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 people new to trading and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing all users to learn from both the wins and losses to benefit the industry of trading. Profitly Chatroom
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You can create an account for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to demonstrate your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, either verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money through their years of experience. Profitly Chatroom
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field 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: Founder of the penny stock market 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’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with 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 earnings. Profitly Chatroom
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ stats that might be a drawback for those who are looking forward to this tier. Profitly Chatroom
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to pick from a range of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly it’s seen as a space where experts and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as proficient in handling trading matters but the experts already know how it works and the risky mix associated with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profitly Chatroom
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services that the platform can offer
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 an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Profitly Chatroom
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful when they try their best to avoid losses and perform better than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Chatroom
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the My Trade’ category of the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.