Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive 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 peak. If you’re always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. This review will take the time to look at Profit.ly A well-respected 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 Profitlycashflowfx
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students and secondly) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Profitlycashflowfx
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed at achieving success. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-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 deals, which we will discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not only a chance 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 confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, via screenshots. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Profitlycashflowfx
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
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, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released weekly.
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. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitlycashflowfx
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, 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 and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you are able to create a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their skills in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which might be a drawback for those who are anticipating this level. Profitlycashflowfx
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of them is the 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 ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a space where experts and their members can interact and exchange 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 laid back and not very often active, while another may 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 to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Profitlycashflowfx
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Profitlycashflowfx
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade section of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.