The stock market can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were at your most productive. If you are immersed in the water, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll take the time to look at Profit.ly is a well-known 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 In Robinhood
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 allows traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) making it possible for all users to gain insight into both losses and wins to benefit the industry of trading. Best Penny Stock In Robinhood
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to 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 have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at their performance as a trading group and its gurus. It’s not only a chance to prove value to a large group of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it 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 establish Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial profits through their years of expertise. Best Penny Stock In Robinhood
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as 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 most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Best Penny Stock In Robinhood
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager 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 up and running. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics that could be a disadvantage for those anticipating this level. Best Penny Stock In Robinhood
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes a 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, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to choose from a wide array of video products 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 immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to 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. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Best Penny Stock In Robinhood
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you need to have an open mind. Best Penny Stock In Robinhood
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
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 take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Best Penny Stock In Robinhood
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- 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 trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
