Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to return to where you were your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve discovered an online platform that will help you to improve your performance in the market. 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 Plus Size
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” This idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) giving all users to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Plus Size
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You can create an account at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
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 be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to show your worth to a community of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus 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 the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Profitly Plus Size
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the 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, let’s take a look at the packages each guru offers.
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. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Plus Size
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs 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 resources to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you can set up a private profile to share with other associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats that could be a problem for some who may be eager to try this new tier. Profitly Plus Size
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they offer. One of them is the online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Beginners, 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 the in-house experts and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Plus Size
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly Plus Size
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be 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 is a fantastic option to begin.
FAQ Profitly Plus Size
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.
