The stock market can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be extremely difficult to get back to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. We’ll take an in-depth 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.
Overall Rating: 4.1/5 Profitly Roland
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed and accountable, as well as transparent and encouraging one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The concept, he added, served two purposes: 1) making public records for not just the gurus and newsletter writers and students as well as) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Profitly Roland
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account for free, but you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers 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 skills, join to your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to show that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to create 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 transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Profitly Roland
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world 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. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Roland
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of The Novice package. This plan allows that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for those who are anticipating this level. Profitly Roland
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, with a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all 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 variety of services and features. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and not very often active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Profitly Roland
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Profitly Roland
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Roland
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the My Trade’ category of the dashboard that lets you record your trades, either verified 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 specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic 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 post it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using 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 grow and learn more about acquiring opportunities in the stock market all over the world.
