The stock market can be an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the market. This review will be taking the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Xl21
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that was never previously done.” The concept, he added, served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Xl21
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account with your experience and skills, join your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts 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 trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small companies to move into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit through their years of expertise. Profitly Xl21
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Xl21
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re interested in gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a problem for some who may be eager to try this new tier. Profitly Xl21
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month and an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can 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 immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips 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 as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. 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 in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is rarely active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items from its online store to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Xl21
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could 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 wasn’t originally meant to be designed in this way. Instead, you should have the ability to think with an open heart. Profitly Xl21
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful as they do their best to avoid loss and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Xl21
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the My Trade section of the dashboard. It allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.