Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to the point you were at your peak. If you are always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you to improve your performance in the market. We’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Scanner
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
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 transactions are legitimate and will not allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter writers and students as well as) giving all users to gain insight into both the wins and losses to the benefit of the trading industry. Best Penny Stock Scanner
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small companies to move into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. 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 then took advantage of it to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits from their combined years of experience. Best Penny Stock Scanner
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. 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, however, only two gurus remain on this 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 Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on 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 highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones 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 tiny-cap massive stocks as well as wildly 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 Scanner
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re looking to have access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows that you can set up an individual profile that allows you to share with other associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics that could be a problem for those anticipating this level. Best Penny Stock Scanner
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, which includes an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to see other users’ stats, but you’re also given 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 an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of those is its online store, which allows users to pick from a range of video products designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One might be more laid back and less active, while another may be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals 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 skills to others as a way to help assist them in the ever-changing trading process. Best Penny Stock Scanner
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep an open mind. Best Penny Stock Scanner
What we mean”yes” is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Best Penny Stock Scanner
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities both right and left.