Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were at your peak. If you are constantly stuck in the gutter You will need to recognize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement within the field. We’ll be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Into The Woods
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as it is 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.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Into The Woods
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving success. You can create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading is an avenue for small businesses to transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of expertise. Profitly Into The Woods
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, 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 most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Into The Woods
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research and an 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 market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Profitly Into The Woods
The Pro plan is the most premium package that Profit.ly offers to experienced traders. With $74.95 monthly, with a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the prior 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. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, which lets users select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be a laid-back person who is not very often active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they may go. You can also get hands-on experience trading on the platform, however, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Profitly Into The Woods
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- 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 products offered may not be enough for most of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep an open mind. Profitly Into The Woods
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Profitly Into The Woods
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities both right and left.