The stock market can be a high-stakes game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your best. If you are always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance within the field. In this review, we’ll be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Despite Synonym
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 responsible, transparent, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this 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 verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as 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 an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) giving all users to learn from both the wins and losses to the benefit of the trading industry. Profitly Despite Synonym
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboard and follow 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 will need to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up 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 your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, verified or not, via pictures. In Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their collective years of knowledge. Profitly Despite Synonym
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most prominent experts 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Despite Synonym
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics that could be a problem for those who are looking forward to this tier. Profitly Despite Synonym
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members trade 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 not very often engaged, while another could be more active and in touch to their pupils. Think of chat rooms like 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 the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky game that should not be viewed as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as adept at managing trading but the experts already know how it works along with the stack full 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 as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on the same level as 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 help navigate them through the ever-changing trading process. Profitly Despite Synonym
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand 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, you should have an open mind. Profitly Despite Synonym
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful when they try their best to avoid loss and perform better than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Despite Synonym
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the My Trade section of the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.