The stock market can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an option that can help you in your improvement in the industry. In this review, we’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Was Ist Lexik
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form 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 established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” This idea, he added, served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Was Ist Lexik
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed towards achieving achievement. You may set up an account there at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect 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 feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to prove that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile, and more ways to interact with your experts through the chatroom 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 is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their combined years of expertise. Was Ist Lexik
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
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 per month, it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 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 swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Was Ist Lexik
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those who are anticipating this level. Was Ist Lexik
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, with a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all features of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Was Ist Lexik
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, 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 with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Was Ist Lexik
What we mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Was Ist Lexik
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, 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 the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.