The stock market can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your best. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance in the industry. In this review, we’ll be taking a 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 V Kolika Mesicich Si Dite Sedne
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that has never been prior to.” The concept Sykes said served two goals: 1.) creating public track records for not just the gurus, but also the newsletter writers and students as well as) making it possible for anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. V Kolika Mesicich Si Dite Sedne
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. You may set up an account for free, but you’re limited to the ability to navigate through 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 join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up to the top of 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 demonstrate value to a large group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, either verified or otherwise, through screenshots. In Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms in addition to email and text alerts 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 his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial profits through their years of experience. V Kolika Mesicich Si Dite Sedne
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app 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, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading 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 all-time trading earnings. V Kolika Mesicich Si Dite Sedne
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, 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, plus access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this package, you will be immediately 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.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you can create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from 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 trading skills. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this might be a drawback for some who may be looking forward to this tier. V Kolika Mesicich Si Dite Sedne
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve 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 provided trainer tools and leadersboards Profit.ly provides a variety of other services they 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 guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be a laid-back person who is less active, while another may be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able 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 by trading through the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. V Kolika Mesicich Si Dite Sedne
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep an open mind. V Kolika Mesicich Si Dite Sedne
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ V Kolika Mesicich Si Dite Sedne
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
