The stock market can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to return to where you were at your most productive. If you are always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth within the field. We’ll be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Pre Tax 401K
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter writers and students and secondly) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Profitly Pre Tax 401K
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to 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 we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs and its gurus. You’re not just allowed to demonstrate value to a community of traders, as you can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can choose to publish your trades, verified or not, via pictures. Also included in Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile and other methods to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is an opportunity for small companies to move into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a platform for 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 variety of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money from their combined years of expertise. Profitly Pre Tax 401K
At its peak, 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 among others. At the time of writing, however, only two gurus remain on this platform: 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 take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices; email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Pre Tax 401K
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have 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
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey 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 we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. In this plan, that you are able to create a private profile to share with other associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those looking forward to this tier. Profitly Pre Tax 401K
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, with a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, which allows users to select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed 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 expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is rarely active, while another might be more online and communicative in their interactions with students. Consider chatrooms 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 cater to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as adept at managing trading 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 array of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Pre Tax 401K
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build 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 needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s 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 intended to be created to achieve this goal. Instead, it is best to keep an open mind. Profitly Pre Tax 401K
What we mean”yes” is that it could be a useful learning tool. People who are stuck may find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. It’s not just the struggling traders who will 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 a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Pre Tax 401K
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.
