Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were your peak. If you’re always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement in the industry. We’ll take the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly During A Recession
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea Sykes said served two goals: 1.) making public records for not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profitly During A Recession
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. 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 and its gurus. It’s not only a chance to show your worth to a large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up 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 platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of expertise. Profitly During A Recession
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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 take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; texts, emails 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 it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly During A Recession
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get 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 might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Profitly During A Recession
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and footage of 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 variety of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One might be more laid back and not very often active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Profitly During A Recession
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 tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous 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’s yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly During A Recession
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly During A Recession
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.