Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Profitly I Like Bb Stocks
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are starting out and as a hub 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 trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Profitly I Like Bb Stocks
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out 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 go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove value to a large group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as 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 famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as they can access funds from the general 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 experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational material aimed 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 to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit through their years of experience. Profitly I Like Bb Stocks
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus 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 has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as text, e-mail, 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 program. It costs $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 profits. Profitly I Like Bb Stocks
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from 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 fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those looking forward to this tier. Profitly I Like Bb Stocks
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, which allows users to pick from a range of videos created to guide you through the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is less active, while another might be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know the way it functions and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Profitly I Like Bb Stocks
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might be too much for most of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly I Like Bb Stocks
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources helpful when they try their best to incur lesser losses and perform better than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly I Like Bb Stocks
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within 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 importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.