Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you’re immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll take a look at Profit.ly A well-respected 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 On The Market
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as 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 his interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitly On The Market
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate your worth to a community of traders. You are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for 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 wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their combined years of experience. Profitly On The Market
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly On The Market
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with 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 just beginning their journey to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ stats this could be a problem for some who may be eager to try this new tier. Profitly On The Market
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these options, 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 you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can 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 related to short stocking, penny stocking, and other related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the chat room as you can see it across 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 hands-on area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be laid back and less engaged, while another could be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able select from the products in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly On The Market
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, 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 trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you should have an open mind. Profitly On The Market
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources useful when they try their best to avoid loss and perform better than they did before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly On The Market
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple 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 connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.