Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you are always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Videos Lesson Not Playing
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers and secondly) giving anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Videos Lesson Not Playing
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving achievement. You can create an account there at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into how the community of traders performs and its experts. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or not, by taking pictures. Also 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 as well as other ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money through their years of knowledge. Profitly Videos Lesson Not Playing
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus included 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 the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Videos Lesson Not Playing
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, the daily market commentary 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, as well as access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers 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 new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check 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’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to get an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their skills in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders, which could be a problem for those anticipating this level. Profitly Videos Lesson Not Playing
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating a private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate 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. One might be more laid back and less active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items in its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, however they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as proficient in managing trading, the pros already understand how it works and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to 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 guide them through the ever-illustrious trading process. Profitly Videos Lesson Not Playing
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- 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 on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- 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 overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Profitly Videos Lesson Not Playing
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Videos Lesson Not Playing
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.