Stock trading is a high-stakes game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance within the field. We’ll be taking 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.
Overall Rating: 4.1/5 Best Penny Stock Feb 2021
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The concept, he added, served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Best Penny Stock Feb 2021
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving success. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to 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.
Making an account simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove that you’re worthy to the group of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or not, by taking pictures. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to 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 personality who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market is an opportunity for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money through their years of expertise. Best Penny Stock Feb 2021
At its peak, 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 among others. At the time of writing however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as email, text 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, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Best Penny Stock Feb 2021
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders of 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 beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to view the statistics of other traders this might be a drawback for those who are eager to try this new tier. Best Penny Stock Feb 2021
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for 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
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your 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 related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is not very often active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can select from the products in its online store that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to those who are just starting. While the newbies may not be as proficient in handling trading matters but the experts already know the way it functions and the risky mix that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Best Penny Stock Feb 2021
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘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, it is best to keep an open mind. Best Penny Stock Feb 2021
What we mean”yes” is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources helpful when they try their best to incur lesser loss and perform better than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Best Penny Stock Feb 2021
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade’ category of the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the 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 unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, 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 are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are 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 both right and left.