Stock trading is an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your best. If you’re immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth in the market. We’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Best 2021 Penny Stock
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are starting out as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The concept Sykes said served two objectives: one) making public records for not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Best 2021 Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed towards achieving achievement. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into how the community of traders performs and its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus via chatrooms 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 famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Best 2021 Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus 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 the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both 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. Best 2021 Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this package, you will be immediately offered a range of strong and indispensable 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 with 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 chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders that could be a problem for those who are looking forward to this tier. Best 2021 Penny Stock
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with 22% off when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips 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 range of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. One might be more laid back and not very often active, while another might be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Best 2021 Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and tips from the 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 accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: 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 you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Best 2021 Penny Stock
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders who will benefit from this 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 be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Best 2021 Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the “My Trade’ category of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.