Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were your peak. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance within the field. We’ll be taking the time to look at Profit.ly is a well-known 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 To Buy Now
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including 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 learning and training platform for traders who are starting out 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 variety of tools for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus and students and newsletter writers and secondly) allowing all users to learn from both losses and wins for the trading industry’s benefit. Best Penny Stock To Buy Now
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving achievement. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. It’s not only a chance to demonstrate your worth to a group of traders, but you can also use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts in the chatroom, as well as email and text alerts 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 famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of expertise. Best Penny Stock To Buy Now
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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Best Penny Stock To Buy Now
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary in real-time, and email and SMS alerts.
In “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 through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. This plan allows that you are able to create an individual profile that allows you to share with other associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats this might be a drawback for those looking forward to this tier. Best Penny Stock To Buy Now
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of videos created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Best Penny Stock To Buy Now
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, 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. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep curiosity. Best Penny Stock To Buy Now
What we mean”yes” is it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Best Penny Stock To Buy Now
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard which lets you record your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.