Stock trading is an exciting game with high stakes. On some days, you might have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you to improve your performance within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Profitly Post On Instagram
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The concept Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) allowing anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly Post On Instagram
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. You may set up an account for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have 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 experts. It’s not just a way to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it’s also 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 a trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Profitly Post On Instagram
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most 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: the 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 look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use 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, as well as the mobile application that is available on 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Post On Instagram
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much 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. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can do 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 giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use many of the features of the novice plan. It is in this plan that you can create an account that is private to share with other associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats that might be a drawback for those looking forward to this tier. Profitly Post On Instagram
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and footage of 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 variety of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One might be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for everyone.
For instance, newbies can take advantage of 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 members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually they’ll realize that this 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 for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profitly Post On Instagram
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Post On Instagram
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Post On Instagram
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
