Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to the point you were at your most productive. If you find yourself always in the mud it is important be aware that relying solely on instinct and survival might not be 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 an important boost from fellow traders from around the world, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Best Penny Stock November 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter authors and students and secondly) giving all users to learn from the losses and wins to benefit the industry of trading. Best Penny Stock November 2021
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account there at no cost, however you’re only given 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 which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove your worth to a group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, along with 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is an opportunity for small companies to move to a market that is larger as they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, 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 vast array of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial profits from their collective years of knowledge. Best Penny Stock November 2021
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 as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through 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 move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features of 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 weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Best Penny Stock November 2021
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you do want to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create a private profile to share with other associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those eager to try this new tier. Best Penny Stock November 2021
Pro Plan
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be more laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Best Penny Stock November 2021
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 communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have an open mind. Best Penny Stock November 2021
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources helpful as they do their best to reduce loss and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Best Penny Stock November 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using 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 through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
