The stock market can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your peak. If you are always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement within the field. This review will 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Best Penny Stock On Robinhood Today
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are starting out as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Best Penny Stock On Robinhood Today
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving achievement. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions 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 proven to make substantial profits from their collective years of expertise. Best Penny Stock On Robinhood Today
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the prominent gurus included 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, 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 with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. 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 that were included in the previous plan, such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with 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 trading profits. Best Penny Stock On Robinhood Today
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market updates 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 a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they will 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 world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats that might be a drawback for those looking forward to this tier. Best Penny Stock On Robinhood Today
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, with 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be laid back and rarely engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Best Penny Stock On Robinhood Today
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
The Final Verdict 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 yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep curiosity. Best Penny Stock On Robinhood Today
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Best Penny Stock On Robinhood Today
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.