Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your best. If you’re immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement within the field. We’ll take the time to look at Profit.ly, a well-recognized 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 On Demand
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
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 range of features and tools like 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 that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in 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 previously done.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Profitly On Demand
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate value to a group of traders, but you are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms along with 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 famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their collective years of knowledge. Profitly On Demand
At its height, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated 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 trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly On Demand
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those who are anticipating this level. Profitly On Demand
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month and a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which allows users to pick from a range of videos created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be more laid back and rarely active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items in its online store for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Profitly On Demand
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Profitly On Demand
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Profitly On Demand
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.
