The stock market can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where 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 experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll take a look at Profit.ly is a well-known 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 Pre Owned
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 permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people new to trading and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Pre Owned
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at how the community of traders performs and its experts. You’re not just allowed to prove value to a group of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, either verified or not, via pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms, 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 of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Profitly Pre Owned
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, 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. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on 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 that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Pre Owned
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
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 up for this package, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics that could be a problem for those who are eager to try this new tier. Profitly Pre Owned
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a space where experts and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be laid back and less active, while another might be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up 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 Pre Owned
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. Profitly Pre Owned
What we mean”yes” is it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Profitly Pre Owned
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade’ category of the dashboard that lets you post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are 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 version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.
