The stock market can be an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to return to the point you were at your best. If you’re immersed in the water You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the market. We’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Carole Baskin Penny Stock
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those new to trading as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals 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 trades are authentic and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never prior to.” This idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Carole Baskin Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving success. It is possible to create an account there for free, but you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a group of traders, but you can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, 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 personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and 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 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 vast array of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of experience. Carole Baskin Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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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. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Carole Baskin Penny Stock
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “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 through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain 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 package allows you to take advantage of the majority of features available in the novice plan. In this plan, that you can set up a private profile to share with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats this could be a problem for those who are anticipating this level. Carole Baskin Penny Stock
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, with a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But on 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. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be laid back and not very often engaged, while another could be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Carole Baskin Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you need to have an open mind. Carole Baskin Penny Stock
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than they did before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Carole Baskin Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.