The stock market can be an extremely risky game. Some days, you may have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were at your most productive. If you are immersed in the water You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll take an in-depth look at Profit.ly A well-respected all-in-one 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Best Free Penny Stock App
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. Best Free Penny Stock App
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account for free, but you’re only given access to the leaderboards and monitor the actions 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 join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at their performance as a trading group and its experts. It’s not only a chance to show your worth to a group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small companies to move into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms and 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 place for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts and other useful stuff offered by the company’s internal 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 expertise. Best Free Penny Stock App
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Best Free Penny Stock App
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you can set up an account that is private to share with other associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this could be a problem for those anticipating this level. Best Free Penny Stock App
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 each month which includes a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating a private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able select from the products in its online store for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to the newcomers. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Best Free Penny Stock App
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Best Free Penny Stock App
What we mean”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s range of resources useful when they try their best to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Best Free Penny Stock App
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
