Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your best. If you find yourself immersed in the water You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses 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 colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement within the field. This review will take the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Good Penny Stock To Buy 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” The idea Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as newsletter authors and students, and 2) making it possible for anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Good Penny Stock To Buy 2021
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed toward success. You can create an account there for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to show value to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish 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 most appealing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Good Penny Stock To Buy 2021
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase in 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.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Good Penny Stock To Buy 2021
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. This plan allows that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders that might be a drawback for those eager to try this new tier. Good Penny Stock To Buy 2021
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, and an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they provide. One of those is its online store, where customers can choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms 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’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One might be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to select from the products in its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works along with the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Good Penny Stock To Buy 2021
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include 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 other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately 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 were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have curiosity. Good Penny Stock To Buy 2021
What we do mean”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Good Penny Stock To Buy 2021
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.
