Stock trading can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth within the field. We’ll take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profity Online
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are just beginning their journey as well as a place 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 that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two purposes: 1) making public records for not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profity Online
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed towards achieving success. You can create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community and its gurus. It’s not just a way to prove your worth to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you may opt to post your trades, verified or not, via screenshots. In Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile and other methods to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a large marketplace as 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 thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as 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 lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits through their years of knowledge. Profity Online
At its peak, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; text, e-mail 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. It costs $149.95 for a month this is a great option for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profity Online
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what 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. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. 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 to view the statistics of other traders, which could be a problem for those who are eager to try this new tier. Profity Online
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be a laid-back person who is not very often 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 for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
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 fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Profity Online
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Profity Online
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and be more successful than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Profity Online
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting 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 on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.