Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you in your growth within the field. We’ll be taking the time to 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.
Overall Rating: 4.1/5 Profitly Codes
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) making it possible for anyone on the platform to learn from the losses and wins to benefit the industry of trading. Profitly Codes
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving success. You may set up an account for free, but you’re limited to 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 and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into how the community of traders performs and its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account and other methods to interact with your experts through the chatroom along with email and text alerts 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 delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is an avenue for small businesses to transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit through their years of experience. Profitly Codes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most prominent 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 this platform: Founder and 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 packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service 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 predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every 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 swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Codes
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured 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 the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that might be a drawback for those who are anticipating this level. Profitly Codes
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few other services they offer. One of them is the online store, which allows users to pick from a range of videos created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be laid back and less active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Profitly Codes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it’s 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 to achieve this goal. Instead, it is best to keep an open mind. Profitly Codes
What we are referring to”yes” is it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Codes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities all over the world.