Stock trading is an exciting game with high stakes. Some days, you could have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to get back to where you were at your most productive. If you’re always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. This review will be taking the time to 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.
Total Rating: 4.1/5 Best Penny Stock For May 2021
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that was never previously done.” The concept was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Best Penny Stock For May 2021
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders. You are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, verified or not, via pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Best Penny Stock For May 2021
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to 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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Best Penny Stock For May 2021
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you can set up a private profile to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders that could be a disadvantage for some who may be anticipating this level. Best Penny Stock For May 2021
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on 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 there. One of them may be laid back and less active, while another may be more online and communicative to their pupils. Think of the chat rooms like 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 caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works 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 develop their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Best Penny Stock For May 2021
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Best Penny Stock For May 2021
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Best Penny Stock For May 2021
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.