Stock trading is an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your most productive. If you are always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the industry. This review will take an in-depth look at Profit.ly, a well-recognized 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 Z And Z Hours
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
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 makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is 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 his interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Z And Z Hours
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed towards achieving success. You may set up an account there at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate your worth to a community of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet 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 refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trader. At 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of knowledge. Z And Z Hours
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Z And Z Hours
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans 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 tools to get you started. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package 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 on leaderboards; analyze your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can create a private profile to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats that might be a drawback for some who may be looking forward to this tier. Z And Z Hours
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month which includes an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to pick from a range of videos designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate 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. 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 like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products on its store online that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Z And Z Hours
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting 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
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Z And Z Hours
What we do mean”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Z And Z Hours
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just 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 left and right.