The stock market can be a high-stakes game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your growth in the market. 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
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” The concept, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Best Penny Stock Traders To Follow
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account there for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. It’s not only a chance to demonstrate your worth to a community of traders, but you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile and other methods to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market is an opportunity for small companies to move to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Best Penny Stock Traders To Follow
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. 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 the platform: the founder as well as 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 has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and 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, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Best Penny Stock Traders To Follow
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do with 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, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders this could be a disadvantage for those looking forward to this tier. Best Penny Stock Traders To Follow
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the option of creating your own private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users pick from a range of video products created to guide you through the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist 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 from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is less active, while another may be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
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 their members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Best Penny Stock Traders To Follow
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, it is best to keep an open mind. Best Penny Stock Traders To Follow
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Best Penny Stock Traders To Follow
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.