Stock trading can be an exciting game with high stakes. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were at your peak. If you are constantly stuck in the gutter You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant 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 in your improvement in the market. We’ll take an in-depth look at Profit.ly A well-respected all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Soexpensive
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Soexpensive
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared toward success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to demonstrate value to a group of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom along with 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 delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit from their combined years of experience. Profitly Soexpensive
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, 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 program. At $149.95 monthly, it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Soexpensive
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. In this plan, that you can create a private profile for sharing with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats that could be a disadvantage for those eager to try this new tier. Profitly Soexpensive
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month with 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be a laid-back person who is rarely active, while another may be more active and in touch with their students. Consider chat rooms like 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 experienced professionals. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. Additionally, they can choose from the items in its online store for them to take wherever they may travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the risky mix that come with it. Ideally, they may use Profit.ly’s array of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks along the way.
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 fun! People in the trade industry who are at an equal level with Superman as well as 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 Soexpensive
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its users
- If traders decide to open any kind of trade, there’s a 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 ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the many features the platform is able to offer
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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 this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have curiosity. Profitly Soexpensive
What we mean”yes” is it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Soexpensive
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities left and right.