The stock market can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your improvement within the field. This review will be taking the time to look at Profit.ly A well-respected all-in-one 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 Electric Car Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the 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 allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts and newsletter authors and students, and 2) allowing all users to be enlightened by both losses and wins to benefit the industry of trading. Electric Car Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to 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 personality who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market is an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At the age of 25, he had been given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money through their years of expertise. Electric Car Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and 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 package. Priced at $149.95 monthly, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released every 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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Electric Car Penny Stock
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
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 to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $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 account, making your activities publicly available. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you can create an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics this could be a disadvantage for those eager to try this new tier. Electric Car Penny Stock
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they provide. One of them is the online store, which lets users select from a variety of video products created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the chat room since you will see it on messaging and social platforms, as well as some 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 trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with 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 traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Electric Car Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and 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
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of the answer, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. Electric Car Penny Stock
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Electric Car Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard which lets you post your trades that are 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 the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public can see who’s 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 Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.
