Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your best. If you find yourself always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need 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. That’s why we’ve found an online platform that will help you to improve your performance in the industry. We’ll be taking a 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 Jason Bond
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading 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 communication and trade that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as newsletter writers and students and secondly) giving anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Jason Bond
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show that you’re worthy to the group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts through the chatroom along with 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 his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small companies to move into a larger market because it gives them access to money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial profits from their combined years of knowledge. Profitly Jason Bond
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Jason Bond
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, 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 world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a problem for those who are looking forward to this tier. Profitly Jason Bond
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month with a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One of them may be laid back and less engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process 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 road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as proficient in managing trading however, experienced traders know how it works along with the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Jason Bond
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- 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 improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Jason Bond
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Jason Bond
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.