Stock trading can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were your most productive. If you’re immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. In this review, we’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Crypto
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers and secondly) making it possible for everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly Crypto
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving success. You can create an account at no cost, however 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 to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to show value to a large group of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place 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 education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of knowledge. Profitly Crypto
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field 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 only two gurus 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 total trading earnings. Profitly Crypto
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all 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 eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this package, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ stats this might be a drawback for those who are looking forward to this tier. Profitly Crypto
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, which includes a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed 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 trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You are probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, 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 operating their chat room and in dealing with the members. One of them may be more laid back and not very often active, while another might be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items from its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as proficient in managing trading however, experienced traders know how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits 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 enjoyment! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Profitly Crypto
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Profitly Crypto
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Crypto
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard that allows you to post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses 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 opportunities on the stock market left and right.