Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite 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 to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses 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, which is why we’ve discovered an online platform that will help you in your improvement within the field. This review will be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Best Penny Stock To Invest In 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two objectives: one) making public records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Best Penny Stock To Invest In 2021
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You can create an account there for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join 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 a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus through 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 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 stock that trades for under $5 for each share. The trading of penny stocks is a stepping stone for small businesses to transition into a larger market because they can access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, 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 to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money through their years of experience. Best Penny Stock To Invest In 2021
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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 trading profits. Best Penny Stock To Invest In 2021
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
This package for novices 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 plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. In this plan, that you are able to create a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats, which could be a problem for those who are looking forward to this tier. Best Penny Stock To Invest In 2021
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month which includes 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all options of the previous plans combined.
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 features, in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, where customers can pick from a range of video products created to guide you through the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are 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 offer live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One of them may be a laid-back person who is less active, while another may be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. They can also gain hands-on experiences from trading within the platform, however they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Best Penny Stock To Invest In 2021
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately 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 Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. Best Penny Stock To Invest In 2021
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Best Penny Stock To Invest In 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard that allows you to post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from 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 buy your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
