Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your best. If you’re constantly stuck in the gutter it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement within the field. This review will be taking the time to look at Profit.ly A well-respected 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 Period
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are starting out as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly During Period
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to demonstrate value to a large group of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as 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 personality who is well-known for his efforts in the penny-stock market. According to Investopedia, a 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 large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for openness, 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 amazing features is the wide range of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money from their collective years of expertise. Profitly During Period
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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 the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly During Period
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform has 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 people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this could be a problem for those looking forward to this tier. Profitly During Period
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection 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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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. One of them may be laid back and less active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice from the in-house experts and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman or 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 During Period
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main 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 photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there’s the 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 will not allow refunds because the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep curiosity. Profitly During Period
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful when they try their best to avoid loss and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly During Period
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.