The stock market can be an exciting game with high stakes. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the market. We’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 T Bohen Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade 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 that the site. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. T Bohen Profitly
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared toward success. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the community of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits through their years of experience. T Bohen Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on 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, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. T Bohen Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
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 get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. This plan allows that you can set up an account that is private to share with other associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for those anticipating this level. T Bohen Profitly
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month and a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use 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 ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. 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. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be a laid-back person who is rarely active, while another may be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. T Bohen Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, it is best to keep an open mind. T Bohen Profitly
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s variety of resources useful as they do their best to avoid losses and be more successful than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ T Bohen Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard that lets you post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does 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 works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.