The stock market can be a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your growth in the industry. We’ll be taking the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Pesi
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and encouraging one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from every field of business connect 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 like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profitly Pesi
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-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 discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, by taking photographs. In Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to connect with your gurus via chatrooms in addition to 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 trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of knowledge. Profitly Pesi
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
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 will observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and 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 premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Pesi
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from the Novice plan. This plan allows that you can create a private profile to share with fellow associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats that could be a disadvantage for those looking forward to this tier. Profitly Pesi
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, which includes a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private 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 trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be more laid back and less engaged, while another could be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. They’ll also be able to select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky 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 to people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Pesi
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, 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 wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have an open mind. Profitly Pesi
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources helpful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Pesi
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this 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 most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.