Stock trading is an exciting game with high stakes. On certain days, you may have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your best. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your improvement within the field. We’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Quickbooks Online
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of 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 every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the 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 authentic and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never done before.” This idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts and students and newsletter writers as well as) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Quickbooks Online
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward the success of their business. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a guru, and have 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, then you could choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus through the chatroom as well as 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 has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a large marketplace as they can access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of experience. Profitly Quickbooks Online
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most famous experts were 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 this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Quickbooks Online
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you do want to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Profitly Quickbooks Online
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users pick from a range of videos designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a space where experts and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One of them may be a laid-back person who is not very often engaged, while another could be more active and in touch to their pupils. 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 an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products on its store online for them to take wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works and the risky mix associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Profitly Quickbooks Online
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many 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 get to be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary 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 wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for most of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of 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 for this reason. Instead, you need to have an open mind. Profitly Quickbooks Online
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck might find Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Profitly Quickbooks Online
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.
