Stock trading is an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were your best. If you are immersed in the water You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Profitly Tim Lento
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that was never previously done.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Profitly Tim Lento
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving success. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to prove your worth to a large group of traders. 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 are unsure about the idea of divulging your brokerage account, then you could opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts via chatrooms along with 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market could be viewed as an avenue for small companies to move to a large marketplace as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Profitly Tim Lento
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who 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. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes 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. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both 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 total trading profits. Profitly Tim Lento
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 to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers 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 include the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. 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, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. In this plan, that you can create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their trading skills. Although it’s a nice thing 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 that could be a disadvantage for those who are anticipating this level. Profitly Tim Lento
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time area where experts and members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Tim Lento
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- As traders may opt 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 offer refunds because its premium users will immediately benefit from the number of services the platform has to offer
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The Final Verdict: 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 the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly Tim Lento
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Tim Lento
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities left and right.