Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you are immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Ksidial
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Profitly Ksidial
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of courses in trading as well as the ability to look at 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Profitly Ksidial
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. 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, 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. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a 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 alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Ksidial
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get 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 daily video lessons, which include the growing collection of previous lessons. In addition you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the novice plan. It is in this plan that you can create a private profile to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to develop their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Profitly Ksidial
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, and a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and scenes 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 are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand how it works along with the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Ksidial
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will 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’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly 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 were able to come up with the answer, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Profitly Ksidial
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Ksidial
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the My Trade’ category of the dashboard. It lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.