Stock trading is a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your most productive. If you are immersed in the water, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance within the field. We’ll take a look at Profit.ly, a well-recognized one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Penny Stock Buys Today
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out 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 variety of tools for communication and trade and letting traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Best Penny Stock Buys Today
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to show your worth to a large group of traders, as you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of expertise. Best Penny Stock Buys Today
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: the founder and penny stock trader 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own from 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 email, text and push alerts; as well as a daily watchlist of stocks.
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 more committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Best Penny Stock Buys Today
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition 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 trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. In this plan, that you are able to create a private profile to share with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats that might be a drawback for those looking forward to this tier. Best Penny Stock Buys Today
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month which includes an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One might be laid back and rarely engaged, while another could be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Best Penny Stock Buys Today
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- If traders decide to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you should have curiosity. Best Penny Stock Buys Today
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Best Penny Stock Buys Today
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.