Stock trading can be an exciting game with high stakes. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the market. This review will be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Profitly Lx21
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly 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 prior to.” The concept Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. Profitly Lx21
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could decide to share your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, as well as 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 well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He took advantage of it to establish 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 place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Profitly Lx21
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: 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 Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Lx21
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use many of the features of The Novice package. This plan allows that you can create an account that is private to share with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which might be a drawback for those looking forward to this tier. Profitly Lx21
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, which allows users to pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page 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 expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be more laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products on its store online for them to take wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can make use of 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 quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Lx21
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as 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 verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you should have an open mind. Profitly Lx21
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Lx21
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.