The stock market can be a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your most productive. If you find yourself always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve discovered an option that can help you in your improvement in the market. This review will take 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 Profity Bv
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers and secondly) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Profity Bv
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared toward the success of their business. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to connect with your gurus through the chatroom 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 guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market could be viewed as a stepping stone for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Profity Bv
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field 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 the platform: the 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 the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the 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 invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profity Bv
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. 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 other previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign to this plan you’ll be given a slew of robust 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 package include the capability to check the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics this might be a drawback for those looking forward to this tier. Profity Bv
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month which includes a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features of the previous plans.
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 features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One might be laid back and less engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able select from the products on its store online that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works along with the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their trading abilities. As beginners, they are able to 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 and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Profity Bv
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe 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 live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep an open mind. Profity Bv
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profity Bv
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities left and right.