Stock trading is an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your growth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Can You Short A Penny Stock
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 allows traders of different levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Can You Short A Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared towards achieving success. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. You’re not just allowed to demonstrate value to a community of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can decide to share your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks is an opportunity for small companies to move to a market that is larger as they can access capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as 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 uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial profits through their years of knowledge. Can You Short A Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, 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 in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on 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 premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, including alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Can You Short A Penny Stock
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows that you can create a private profile to share with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ stats, which could be a problem for those who are anticipating this level. Can You Short A Penny Stock
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
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 and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Can You Short A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have an open mind. Can You Short A Penny Stock
What we mean”yes” is it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Can You Short A Penny Stock
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the My Trade category on the dashboard. It lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
