Stock trading is an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. However, 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 most productive. If you are always in the mud You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your improvement within the field. We’ll be taking the time to look at Profit.ly, a well-recognized one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Sgodar Profitly
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various 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 material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those new to trading as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The idea Sykes said served two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students as well as) allowing everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Sgodar Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared towards achieving success. You may set up an account at no cost, however you’re limited to 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 will need to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a community of traders, but you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may opt to post your trades, verified or not, via pictures. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and 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 trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of expertise. Sgodar Profitly
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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Sgodar Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a problem for some who may be anticipating this level. Sgodar Profitly
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and help you understand 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, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be laid back and not very often active, while another might be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items in its online store to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Sgodar Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like 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 is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you should have an open mind. Sgodar Profitly
What we mean”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Sgodar Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import 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 is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
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 version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.