Stock trading is an extremely risky game. On certain days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your peak. If you are always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth within the field. In this review, we’ll be taking an in-depth 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.
Total Rating: 4.1/5 Profity Inloggen
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The idea, he added, served two purposes: 1) making public records for not just the gurus and students and newsletter writers as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profity Inloggen
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts through the chatroom as well as 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 trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency, 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 vast array of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial profits through their years of experience. Profity Inloggen
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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 Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to forecast 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 application that is available to 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 program. Priced at $149.95 for a month it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profity Inloggen
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, and E-mail 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 of information 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 lessons, including the growing collection of the previous ones. In addition you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features 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 your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats this might be a drawback for those who are looking forward to this tier. Profity Inloggen
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with 22% off for annual billing, this tier has everything. It gives you full, unlimited access to all the features from the two prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re looking for 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 Leaderboards Profit.ly provides a variety 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 provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and rarely engaged, while another could be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of a 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 the most experienced. With the variety of deals it has to offer, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products on its store online for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that trading is a high stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profity Inloggen
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as 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 whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers 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 think of the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you need to have the ability to think with an open heart. Profity Inloggen
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses 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 in the field!
If you truly want to become a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profity Inloggen
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade section of the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.