Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. We’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly June 20
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 allows traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established 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 interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus and students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly June 20
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. You may set up an account at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at how the community of traders performs and its experts. You’re not just allowed to prove value to a group of traders, as you can also use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can decide to share your trades, verified or otherwise, through photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger impact as a participant in 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 just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of knowledge. Profitly June 20
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on 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 premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “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. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly June 20
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
The film “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. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the market, 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 levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Some of the features you can do 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 messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan is $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 the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those who are eager to try this new tier. Profitly June 20
Pro Plan
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be 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 features, plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be more laid back and rarely active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items from its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Profitly June 20
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly June 20
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly June 20
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade section of the dashboard that allows you to post 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 the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.
