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 get back to where you were your best. If you find yourself always in the mud it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. In this review, we’ll be taking an in-depth 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.
Overall Rating: 4.1/5 Biggest Penny Stock Losers Today
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for all users to learn from both losses and wins to the benefit of the trading industry. Biggest Penny Stock Losers Today
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. You may set up an account there for free, but you’re only given access to the leaderboard and observe the activities 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 offerings that we’ll go over shortly.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to show value to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus via chatrooms in addition to 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 guru who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small companies to move into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Biggest Penny Stock Losers Today
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both 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 total trading earnings. Biggest Penny Stock Losers Today
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that might be a drawback for some who may be eager to try this new tier. Biggest Penny Stock Losers Today
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity 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 in search of an account that will give you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Think of the chatrooms 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 an array of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Biggest Penny Stock Losers Today
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other 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 capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Biggest Penny Stock Losers Today
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Biggest Penny Stock Losers Today
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders 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 left and right.
