Stock trading can be an exciting game with high stakes. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement within the field. In this review, we’ll take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 E Trade Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
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 makes sure that trades are valid and won’t allow for fraud as much as possible. It was created in the past by 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 said that Profit.ly was based “on showing all trades, something that has never been prior to.” The idea Sykes said served two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. E Trade Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. You may set up an account on the site for free, but you’re only given access to 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 will need to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, along with notifications via email or text 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 has been famously known for his efforts in trades in penny stocks. 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 a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. 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 most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. E Trade Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: 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 offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “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 he began as a trader, Superman has amassed over $5.5 million in total trading earnings. E Trade Penny Stock
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans 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 get you going. Profit.ly offers three membership levels that are designed to accommodate 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 those who are new to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can create a private profile to share with other associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics that might be a drawback for those who are looking forward to this tier. E Trade Penny Stock
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can pick from a range of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be laid back and rarely active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as proficient in managing trading, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. E Trade 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 it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have an open mind. E Trade Penny Stock
What we mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ E Trade Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the “My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market both right and left.
