Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your peak. If you find yourself immersed in the water, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance within the field. We’ll take an in-depth look at Profit.ly A well-respected 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. 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 Under 1 Cent
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Best Penny Stock Under 1 Cent
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. You may set up an account on the site for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at their performance as a trading group and its gurus. It’s not only a chance to demonstrate value to a large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you may opt to post your trades, whether verified or not, via pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as notifications via email or text 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received 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 and 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 place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of knowledge. Best Penny Stock Under 1 Cent
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the prominent experts were 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 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 we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Best Penny Stock Under 1 Cent
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of a majority of features from the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Best Penny Stock Under 1 Cent
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, with 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which allows users to pick from a range of video products created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be more laid back and rarely engaged, while another could be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a 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. With the variety of deals it can provide this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters, the pros already understand how it works and the risky mix associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Best Penny Stock Under 1 Cent
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, 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 subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough 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 selecting the best trades in order to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. Best Penny Stock Under 1 Cent
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources helpful as they do their best to avoid loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you really want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Best Penny Stock Under 1 Cent
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.