Stock trading is a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to get back to the point you were at your peak. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your improvement in the market. We’ll be taking the time to look at Profit.ly, a well-recognized all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Minus 10
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of advanced 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 an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment expert 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 showing the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter writers and students as well as) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Profitly Minus 10
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared towards achieving the success of their business. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make 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 show value to a community of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could opt to post your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms in addition to text and e-mail alerts and 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 trades in penny stocks. According to Investopedia Penny stock is a small business’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 market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed 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 uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial profits from their collective years of expertise. Profitly Minus 10
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll 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. At $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Minus 10
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown 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 the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, 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. You can’t create a private profile, thus making your actions public. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Profitly Minus 10
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will enjoy 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 as well as their members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within 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 years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. 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 come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Minus 10
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous 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 answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you need to have an open mind. Profitly Minus 10
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Profitly Minus 10
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard which lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.