Stock trading is a high-stakes game. On some days, you could have the benefit of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you are always in the mud You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Cash App Penny Stock List
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed responsible, transparent, and uplifting with each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves 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 with the help of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees 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 expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Cash App Penny Stock List
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You can create an account at no cost, however you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready 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 offers that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show your worth to a group of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Cash App Penny Stock List
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to anticipate 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 application that is available on iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are more committed to the penny-stock market. 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 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 goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Cash App Penny Stock List
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking 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 going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
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. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a problem for those anticipating this level. Cash App Penny Stock List
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month which includes a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be more laid back and not very often active, while another might be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Cash App Penny Stock List
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you should have curiosity. Cash App Penny Stock List
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources helpful in their efforts to avoid losses and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Cash App Penny Stock List
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard which lets you record your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent 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 and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.