Stock trading can be an exciting game with high stakes. On some days, you could have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were at your peak. If you find yourself always in the mud You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance within the field. This review will be taking a look at Profit.ly A well-respected one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Sign Up
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication, 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 the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) giving all users to learn from the losses and wins to the benefit of the trading industry. Profitly Sign Up
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll 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 be given the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to show value to a large group of traders, as you can also use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, verified or not, by taking photographs. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. Profitly Sign Up
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this 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 we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is a great option for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Sign Up
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. Profit.ly 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 will cost you.
This package for novices 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 to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can create a private profile to share with other associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their trading skills. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that might be a drawback for some who may be eager to try this new tier. Profitly Sign Up
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, which allows users to pick from a range of video products designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be 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 offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the members there. One might be more laid back and less engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Sign Up
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to receive excellent training 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 precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep curiosity. Profitly Sign Up
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Sign Up
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via 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 is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.