Stock trading is an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. We’ll be taking a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Profitly Come From
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those 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. 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 that the site. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Come From
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to demonstrate value to a community of traders. You are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus in 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 personality who has been famously known for delving his hands into trades in penny stocks. 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 an avenue for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of experience. Profitly Come From
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes 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 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for 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 premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Come From
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign to this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up an individual profile that allows you to share 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 people who want to develop their expertise in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for some who may be anticipating this level. Profitly Come From
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of other services they offer. One of these is its online store, where customers can pick from a range of video products that are designed to educate and provide guidance on 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 like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. Additionally, they can choose from the items from its online store that they can take with them wherever they may go. 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 treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Come From
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep curiosity. Profitly Come From
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Come From
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard. It allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.
