The stock market can be an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time 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 world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. In this review, we’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Meaning
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Meaning
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving achievement. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and follow the actions 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 deals that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, verified or not, by taking screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a market that is larger as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Profitly Meaning
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the 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 take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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 the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Meaning
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re interested in have access to this feature, 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 a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those who are anticipating this level. Profitly Meaning
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount for billing annually This plan offers 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 see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your 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 on penny stocking, short stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be laid back and less active, while another may be more active and in touch with their students. Consider chat rooms like 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 an array of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items on its store online for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that this 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 see Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s array of features to their full advantage to develop their trading skills. Like beginners, 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-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Meaning
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you need to have curiosity. Profitly Meaning
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Meaning
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of 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 trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.