The stock market can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were at your best. If you find yourself always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve found an option that can help you to improve your performance in the market. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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 Wie Schleift Man Messer
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept, he added, served two objectives: one) making public records for not just the gurus as well as newsletter authors and students as well as) making it possible for everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Wie Schleift Man Messer
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared toward achievement. You may set up an account on the site for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove that you’re worthy to the large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can choose to publish your trades, verified or not, via pictures. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a large marketplace as they can access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He 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 played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money from their combined years of expertise. Wie Schleift Man Messer
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: the founder of the penny stock market 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’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: 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 monthly, it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Wie Schleift Man Messer
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which could be a problem for those looking forward to this tier. Wie Schleift Man Messer
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of these is its 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. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can choose from the items on its store online to carry with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Wie Schleift Man Messer
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have an open mind. Wie Schleift Man Messer
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Wie Schleift Man Messer
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade category on the dashboard which lets you post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on 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 traders and investors, because they are not just trying to maximize 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.