Stock trading is an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your best. If you are constantly stuck in the gutter it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you to improve your performance within the field. This review will take a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Wolves Wallst Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those 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 array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students as well as) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. Wolves Wallst Profitly
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate value to a group of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may decide to share your trades, verified or not, by taking pictures. Also included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms 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 famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits through their years of expertise. Wolves Wallst 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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and 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 program. It costs $149.95 for a month it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Wolves Wallst Profitly
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in get the benefit of this service, 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 take advantage of the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that could be a problem for those who are anticipating this level. Wolves Wallst Profitly
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Wolves Wallst Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Wolves Wallst Profitly
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and be more successful than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Wolves Wallst Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent 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 pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.