Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your best. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving 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. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the market. We’ll be taking an in-depth look at Profit.ly A well-respected 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 For Tomorrow
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that has never been done before.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Best Penny Stock For Tomorrow
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to prove your worth to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could decide to share your trades, either verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to 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 personality who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit 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 when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of knowledge. Best Penny Stock For Tomorrow
At its height, Profit.ly had housed up to five gurus, all 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, among a few others. At the time of writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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 he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Best Penny Stock For Tomorrow
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this package, you will be immediately given a slew of robust 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 using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for some who may be anticipating this level. Best Penny Stock For Tomorrow
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all features from the two previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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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 social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be laid back and not very often active, while another may be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. They’ll also be able select from the products from its online store for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Best Penny Stock For Tomorrow
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish 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 photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Best Penny Stock For Tomorrow
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s variety of resources to be helpful when they try their best to avoid loss and perform better than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Best Penny Stock For Tomorrow
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within 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 then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you upload 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 fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
