Stock trading is a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your peak. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. We’ll be taking a 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 Stephens Scown Reviews
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informed, transparent, accountable, and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of 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 form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Stephens Scown Reviews
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared at achieving success. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest 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 offerings, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at how the community of traders performs and its gurus. It’s not only a chance to show that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts via chatrooms 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 trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition into a larger market because it allows them to access funds from the general 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.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of expertise. Stephens Scown Reviews
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus 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. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
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 those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Stephens Scown Reviews
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those 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 shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base 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 daily video lessons, which include an ever-growing library 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 Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this might be a drawback for those who are looking forward to this tier. Stephens Scown Reviews
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from 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 services and features. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be a laid-back person who is rarely active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Stephens Scown Reviews
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as 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 bountiful stream of packages and products offered may not be enough for most of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Stephens Scown Reviews
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Stephens Scown Reviews
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.
