Stock trading is a high-stakes game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your peak. If you are always in the mud You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll be taking the time to 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.
Total Rating: 4.1/5 When To Add Money To Your Trading Account Profitly
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 enables traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus and students and newsletter writers as well as) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. When To Add Money To Your Trading Account Profitly
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 the success of their business. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can decide to share your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned 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 reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift 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 education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial profits from their combined years of knowledge. When To Add Money To Your Trading Account Profitly
At its height, 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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. When To Add Money To Your Trading Account Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market commentary in real time, and SMS and e-mail 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 of information provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have 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 leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice 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 up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program 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 on leaderboards, analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics that might be a drawback for those eager to try this new tier. When To Add Money To Your Trading Account Profitly
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, and a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to pick from a range of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. Some may be laid back and less engaged, while another could be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. When To Add Money To Your Trading Account Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and 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 dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- Since traders can choose to post 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 risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question is: 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 the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have curiosity. When To Add Money To Your Trading Account Profitly
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful as they do 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!
If you truly want to become a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ When To Add Money To Your Trading Account Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
