Stock trading is a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth within the field. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Despite Definition
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Despite Definition
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed toward success. You may set up an account for free, but you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of 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 can also use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading is an avenue for small businesses to transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of knowledge. Profitly Despite Definition
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and 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. Priced at $149.95 for a month this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Despite Definition
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
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 help you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three 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 just beginning their journey to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful 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.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from the majority of features available in the Novice plan. This plan allows that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you will not be able view other traders’ stats this could be a problem for those anticipating this level. Profitly Despite Definition
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers 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 other things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members. One might be more laid back and rarely active, while another might be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, however, they will soon learn that trading is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at managing trading, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Profitly Despite Definition
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Despite Definition
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Despite Definition
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.