The stock market can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were your most productive. If you are constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly is a well-known single-stop social platform to trade!
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.
Overall Rating: 4.1/5 Profitly Kroyrunner Videos
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people new to trading and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers and secondly) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitly Kroyrunner Videos
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to demonstrate value to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom 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 trader who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small businesses to transition to a market that is larger as it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Profitly Kroyrunner Videos
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, 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 take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited 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 under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Kroyrunner Videos
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. 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 ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ stats that could be a problem for some who may be anticipating this level. Profitly Kroyrunner Videos
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to pick from a range of videos created to provide guidance on the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. 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 provide live chat support. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One might be laid back and less engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational 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 on its store online for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Profitly Kroyrunner Videos
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Kroyrunner Videos
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources helpful in their efforts to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Kroyrunner Videos
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the “My Trade’ category of the dashboard that allows you to post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does 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 works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.