Stock trading is a high-stakes game. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to where you were at your peak. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your growth in the industry. This review will 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.
Overall Rating: 4.1/5 What Is Profit Earning Ratio
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The concept, he added, served two objectives: one) making public records for not just the gurus and students and newsletter writers as well as) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. What Is Profit Earning Ratio
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward success. You may set up an account for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to demonstrate 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 with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or not, via photographs. Included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market is a stepping stone for small businesses to transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their collective years of experience. What Is Profit Earning Ratio
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. What Is Profit Earning Ratio
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information 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. Additionally you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking 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 going. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ stats that could be a disadvantage for those who are looking forward to this tier. What Is Profit Earning Ratio
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is rarely active, while another may be more online and communicative with their students. Think of chat rooms 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 a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can select from the products on its store online to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. Ideally, they may 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 top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. What Is Profit Earning Ratio
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers 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 Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. What Is Profit Earning Ratio
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s range of resources useful in their efforts to incur lesser losses and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ What Is Profit Earning Ratio
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this 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 is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
