Stock trading can be an exciting game with high stakes. Some days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were at your best. If you’re immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth in the market. We’ll take a look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 Best Penny Stock Investments
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter writers and students, and 2) giving all users to learn from both losses and wins to benefit the industry of trading. Best Penny Stock Investments
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed toward achievement. You can create an account there for free, but you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate value to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile and other methods to connect with your gurus via chatrooms as well as 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 well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone 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. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At the age of 25 Sykes was given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for 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 variety of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of knowledge. Best Penny Stock Investments
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 most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: the 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as texts, emails 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 package. It costs $149.95 for a month it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Best Penny Stock Investments
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself via his 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. In addition you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, and filter your trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats that could be a problem for those who are looking forward to this tier. Best Penny Stock Investments
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month and a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range 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 in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be laid back and less active, while another may be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to the newcomers. Although the novices might not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Best Penny Stock Investments
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question 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’. 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 for this reason. Instead, it is best to keep the ability to think with an open heart. Best Penny Stock Investments
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Best Penny Stock Investments
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the “My Trade section of the dashboard which allows you to post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses 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 on the stock market both right and left.