Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve found an option that can help you in your growth in the market. We’ll take an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Best Penny Stock Today
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that was never done before.” The concept, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Best Penny Stock Today
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared towards achieving achievement. You can create an account at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small-scale businesses to make the transition into a larger market because they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform 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 variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of knowledge. Best Penny Stock Today
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world 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 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, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and 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 most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Best Penny Stock Today
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
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 help you started. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your personal information public. If you do want to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Best Penny Stock Today
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, 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 additional services that it can offer. One of those is its online store, where customers can pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be more laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has 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 from the in-house experts and members. They’ll also be able select from the products on its store online to carry 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 high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have 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 adept at handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can use 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 simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Best Penny Stock Today
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Best Penny Stock Today
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s range of resources useful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Best Penny Stock Today
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent 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 classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities left and right.