Stock trading is an exciting game with high stakes. On some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your most productive. If you’re immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Buy Penny Stock App
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading and as a hub for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” This idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers as well as) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Buy Penny Stock App
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features 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 access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate your worth to a large group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or otherwise, through screenshots. In Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom 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 guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small businesses to transition to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their combined years of expertise. Buy Penny Stock App
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Buy Penny Stock App
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your 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 of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders this could be a problem for those who are anticipating this level. Buy Penny Stock App
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month which includes 22% off when billed annually the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of 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’re probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be more laid back and rarely active, while another might be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Buy Penny Stock App
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Buy Penny Stock App
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Buy Penny Stock App
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
