The stock market can be a high-stakes game. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried 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 discovered a platform that can support you in your growth in the industry. In this review, we’ll take a 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 Traders To Follow On Stocktwits
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are starting out and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) giving all users to learn from both losses and wins to the benefit of the trading industry. Best Penny Stock Traders To Follow On Stocktwits
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You can create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, whether verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms along with 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 is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. At the age of 25, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered 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 experience. Best Penny Stock Traders To Follow On Stocktwits
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 most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the 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 the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
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. Priced at $149.95 for a month this is a great option for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Best Penny Stock Traders To Follow On Stocktwits
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs 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 tools to get you started. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they will 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. As you sign up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can set up a private profile to share with other associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ stats this could be a disadvantage for those who are eager to try this new tier. Best Penny Stock Traders To Follow On Stocktwits
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which lets users 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 on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One of them may be more laid back and less active, while another might be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to 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 all.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at dealing with trading issues but the experts already know the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Best Penny Stock Traders To Follow On Stocktwits
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, you need to have an open mind. Best Penny Stock Traders To Follow On Stocktwits
What we mean”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Best Penny Stock Traders To Follow On Stocktwits
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.