Stock trading can be a high-stakes game. On certain days, you could have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter You will need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses, 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 world, which is why we’ve identified a platform that can support you to improve your performance in the industry. 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.
Overall Rating: 4.1/5 Best Penny Stock Under 50 Cents
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers, and 2) making it possible for anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Best Penny Stock Under 50 Cents
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could opt to post your trades, either verified or otherwise, through photographs. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
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 through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Best Penny Stock Under 50 Cents
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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. In light of that Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as 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. Priced at $149.95 for a month it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos 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. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Best Penny Stock Under 50 Cents
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you can create a private profile for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to see the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Best Penny Stock Under 50 Cents
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off when billed annually the Pro plan has it all. You get full, no-holds-barred 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 chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes of events like 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 services and features. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. Some may be laid back and not very often active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process 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 equally suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Best Penny Stock Under 50 Cents
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Best Penny Stock Under 50 Cents
What we are referring to”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Best Penny Stock Under 50 Cents
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic 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 in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
