The stock market can be an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you to improve your performance within the field. In this review, we’ll be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 How A Penny Stock Explodes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What 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 also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The concept Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students as well as) allowing all users to learn from both the wins and losses to benefit the industry of trading. How A Penny Stock Explodes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account at no cost, however you’re only given access to the leaderboard and follow the activities 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 subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not just a way to prove value to a group of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account and other methods to connect with your gurus via chatrooms 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 trader who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. How A Penny Stock Explodes
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the 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 take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. How A Penny Stock Explodes
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus 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 that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all of which is essential to keep your fingers on what we call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging 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 people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. This plan allows that you can create an account that is private to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. How A Penny Stock Explodes
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, in addition to 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 an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be more laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards 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.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can choose from the items from its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, however they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. How A Penny Stock Explodes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. How A Penny Stock Explodes
What we mean”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s variety of resources useful when they try their best to avoid loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ How A Penny Stock Explodes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is 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 in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.