Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your best. If you find yourself always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your growth within the field. We’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly How To Trade Ipo
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and newsletter authors and students, and 2) giving everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profitly How To Trade Ipo
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to show your worth to a community 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 feel uneasy with the idea of sharing the details of your broker account then you could opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader 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 less than $5 per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education 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 earned substantial amounts of money from their combined years of expertise. Profitly How To Trade Ipo
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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly How To Trade Ipo
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand 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, each one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish 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 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 people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
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 a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those who are anticipating this level. Profitly How To Trade Ipo
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of these is its online store, which lets users pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the 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 the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they be. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that this is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Profitly How To Trade Ipo
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly How To Trade Ipo
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly How To Trade Ipo
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the ‘My Trade category on the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application 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 is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities left and right.
