Stock trading can be an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to return to where you were at your peak. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly How To Read Sec
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed, transparent, accountable, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out 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, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students and secondly) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly How To Read Sec
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving the success of their business. You can create an account there at no cost, however you’re only limited to having access to 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 sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the community of traders, but you can also use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts in the chatroom, in addition to notifications via email or text as well as 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 penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks is an avenue for small-scale businesses to make the 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 can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped 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 sweet inclusions is the variety of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money through their years of knowledge. Profitly How To Read Sec
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most famous experts were 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 the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: 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, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly How To Read Sec
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base 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 an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with other associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats that could be a disadvantage for those anticipating this level. Profitly How To Read Sec
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes 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 range of services and features. 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 offer live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. 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-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly How To Read Sec
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call 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
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘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 designed to be used in this way. Instead, it is best to keep an open mind. Profitly How To Read Sec
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly How To Read Sec
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.