The stock market can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself always in the mud it is important be aware that relying solely on instinct and survival might not 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 a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your improvement in the market. We’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Does Robinhood Have Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus as well as students and newsletter writers as well as) allowing anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Does Robinhood Have Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You can create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders. You can also use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account you may choose to publish your trades, verified or not, via photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading is an opportunity for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Does Robinhood Have Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most famous gurus included 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: 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 look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Does Robinhood Have Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary 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 and access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re looking to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which might be a drawback for some who may be looking forward to this tier. Does Robinhood Have Penny Stock
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. 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 tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be a laid-back person who is rarely active, while another might be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items on its store online for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as well-equipped with managing trading but the experts already know how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can study from the gurus 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. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Does Robinhood Have Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Does Robinhood Have Penny Stock
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Does Robinhood Have Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
