The stock market can be a high-stakes game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered 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, which is why we’ve identified a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Till We Have Faces
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that was never done before.” The concept was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Till We Have Faces
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate your worth to a group of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise 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, whether verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence 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 for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Profitly Till We Have Faces
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: 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 offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with 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 total trading profits. Profitly Till We Have Faces
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package 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’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from many of the features of The Novice package. It is in this plan that you are able to create a private profile to share with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which might be a drawback for those looking forward to this tier. Profitly Till We Have Faces
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of 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 in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage 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 concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a risky game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profitly Till We Have Faces
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be taught by experts 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 the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately 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 could come up with an answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, it is best to keep curiosity. Profitly Till We Have Faces
What we mean”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Till We Have Faces
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is 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 Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.