Stock trading is an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your best. If you’re always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profity Definition
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are starting out as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication 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 the platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profity Definition
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared at achieving achievement. It is possible to create an account at no cost, however you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give 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 community of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and 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 delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading 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 game, as Sykes is sure to reveal because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of openness, 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 educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money from their collective years of expertise. Profity Definition
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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder as well as 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 packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profity Definition
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades and, finally, see other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Profity Definition
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, 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 offer. One of them is the online store, where customers can choose from a wide array of videos created to guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. Some may be more laid back and not very often engaged, while another could be more interactive and online with their students. 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 wide range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profity Definition
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profity Definition
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profity Definition
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
