Stock trading is an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your most productive. If you are always in the mud You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your improvement within the field. We’ll be taking the time to look at Profit.ly, a well-recognized one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Muncheye
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The idea, he added, served two goals: 1.) making public records for 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 Muncheye
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities 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 join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create an account with your experience 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 feature, as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, via photographs. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods 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 trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Profitly Muncheye
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: the 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 has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when 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 on 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Muncheye
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you can set up 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 does what the name suggests: Cater to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats that could be a disadvantage for those who are eager to try this new tier. Profitly Muncheye
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give 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 offers a number of more services it has to provide. One of those is its online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be laid back and less active, while another might be more interactive and online to their pupils. 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 a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able choose from the items from its online store to carry with them wherever they be. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Profitly Muncheye
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming 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 selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Profitly Muncheye
What we mean”yes” is it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Muncheye
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade’ category of the dashboard which lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.
