The stock market can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your improvement within the field. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 How To Makemillions
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long 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.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never previously done.” The concept, he added, served two purposes: 1) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly How To Makemillions
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving success. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the community of traders, as you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, then you could choose to publish your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom in addition to 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 delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace 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 will be able to tell you through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits from their collective years of knowledge. Profitly How To Makemillions
At its height, 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. As of this writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly How To Makemillions
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for some who may be anticipating this level. Profitly How To Makemillions
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which lets users pick from a range of videos created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be laid back and not very often active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as proficient in handling trading matters, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to enhance their skills in trading. 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-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Profitly How To Makemillions
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Profitly How To Makemillions
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful as they do their best to avoid loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly How To Makemillions
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
