The stock market can be a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were your most productive. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses and you’re likely to require 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 world, which is why we’ve found an online platform that will help you to improve your performance in the industry. 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 Ark Invest Penny Stock Holdings
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never previously done.” This idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) giving anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Ark Invest Penny Stock Holdings
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed toward achievement. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group 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 buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with 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 has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Ark Invest Penny Stock Holdings
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Ark Invest Penny Stock Holdings
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use 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 this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Ark Invest Penny Stock Holdings
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to pick from a range of videos created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage 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 array of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be laid back and not very often active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to select from the products in its online store for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Ark Invest Penny Stock Holdings
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll 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 can be sure of complete transparency through Profit.ly with accurate analytics as well as other 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 main features, 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 diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of services that the platform can 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 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. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Ark Invest Penny Stock Holdings
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Ark Invest Penny Stock Holdings
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the My Trade section of the dashboard which lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.