Stock trading is a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were at your most productive. If you’re always in the mud it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need 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 in your growth in the industry. We’ll take the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Cannibis 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 permits traders of various levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent to 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’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Cannibis Penny Stock
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward achievement. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers 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 to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not just a way to demonstrate your worth to a group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could opt to post your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to connect with your gurus through 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 trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move into a larger market because they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their combined years of expertise. Cannibis Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible 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; texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Cannibis Penny Stock
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re looking to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this could be a problem for those looking forward to this tier. Cannibis Penny Stock
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of 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 Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be more laid back and less active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its 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 trader types, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items on its store online that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Cannibis Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Cannibis Penny Stock
What we are referring to”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 to be helpful when they try their best to avoid losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Cannibis Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard which allows you to post your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are 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 version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market all over the world.