The stock market can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth within the field. This review will take the time to 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 Nvcn
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profitly Nvcn
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to demonstrate value to a group of traders, as you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could opt to post your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits through their years of expertise. Profitly Nvcn
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has 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 all-time trading earnings. Profitly Nvcn
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and 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 that is 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 the previous ones. In addition, you’ll also get an access to high-quality research papers and an 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 field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your actions public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you can create a private profile to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which could be a problem for those who are eager to try this new tier. Profitly Nvcn
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month with a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are on top of all 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 trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to pick from a range of videos created to help you understand 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. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and scenes of events like 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 array of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be more laid back and less active, while another might be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Nvcn
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, it is best to keep an open mind. Profitly Nvcn
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Nvcn
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the “My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from 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 can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.