The stock market can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you in your improvement within the field. In this review, we’ll be taking a 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 Wiku
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use 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 each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers as well as) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Wiku
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You can create an account there at no cost, however you’re only limited to having 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 subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through pictures. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms along with 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 involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of expertise. Profitly Wiku
At its peak, 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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase 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.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Wiku
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “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 via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers 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 the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of many of the features of The Novice package. This plan allows that you are able to create a private profile to share with other associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop 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 to view other traders’ stats, which might be a drawback for those who are anticipating this level. Profitly Wiku
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be a laid-back person who is less active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able select from the products on its store online that they can take with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s array of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Profitly Wiku
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with 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 was not always intended to be created for this reason. Instead, you need to have curiosity. Profitly Wiku
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Wiku
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard. It allows you to post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
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 version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.