Stock trading is a high-stakes game. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to return to the point you were at your best. If you are always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring losses 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 fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth within the field. In this review, 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 Out Of State
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are starting out and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) giving all users to learn from the losses and wins to benefit the industry of trading. Profitly Out Of State
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its experts. You’re not just allowed to show value to a large group of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re 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, you can choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts in the chatroom, 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 has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of knowledge. Profitly Out Of State
At its peak, Profit.ly had housed up to five gurus, all of them a pro 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 however, only two gurus remain on this platform: Founder of the penny stock market 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur 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 on iOS as well as Android devices; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for 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 Out Of State
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge 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 weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of The Novice package. This plan allows that you are able to create a private profile to share with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those looking forward to this tier. Profitly Out Of State
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, where customers can 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 can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage from 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 range of features and services. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. Some may be laid back and not very often active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products in its online store to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. 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 abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Out Of State
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, 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 diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “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 to achieve this goal. Instead, it is best to keep curiosity. Profitly Out Of State
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Out Of State
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the “My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can see who’s 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 Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using 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 grow and learn more about acquiring opportunities on the stock market all over the world.