Stock trading can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the market. We’ll take a look at Profit.ly A well-respected single-stop social platform to trade!
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 Trading Profitly
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 allows traders of all levels to be informative, 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.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts as well as students and newsletter writers as well as) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Trading Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward the success of their business. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as 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 your worth to a large group of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could decide to share your trades, verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile and other methods 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 famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of experience. Trading Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field 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 the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and 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 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 invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, such as alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional 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. Trading Profitly
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s look at what the 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 world of trading. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. In this plan, that you can create a private profile to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their trading skills. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that could be a problem for those looking forward to this tier. Trading Profitly
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re in search of 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
Apart from the tools for training and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, which allows users to pick from a range of video products created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One might be laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also 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 that they can take with them wherever they may go. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Trading Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable 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 images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to 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 appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have an open mind. Trading Profitly
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Trading Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.
