Stock trading is a high-stakes game. On some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your best. If you’re constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses and you’re likely to require 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 growth in the market. This review will take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 How To Buy Penny Stock Without A Broker
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students, and 2) making it possible for everyone on the platform to learn from the losses and wins for the trading industry’s benefit. How To Buy Penny Stock Without A Broker
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not just a way to prove value to a group of traders, as you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The penny stock market is a stepping stone for small companies to move to a large marketplace as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial profits from their collective years of experience. How To Buy Penny Stock Without A Broker
At its height, Profit.ly had housed up to five gurus, all of them an expert 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 as well as a handful of others. At the time of writing there are only two gurus who remain on the 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast 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 available on iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. How To Buy Penny Stock Without A Broker
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use a majority of features from the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this could be a problem for some who may be looking forward to this tier. How To Buy Penny Stock Without A Broker
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has 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 as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert 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 scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be more laid back and less active, while another may be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able select from the products on its store online that they can take with them wherever they may travel. They can also gain hands-on experience trading on the platform, however 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 those traders who have had years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their full advantage to improve their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! 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. How To Buy Penny Stock Without A Broker
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. How To Buy Penny Stock Without A Broker
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ How To Buy Penny Stock Without A Broker
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard which lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as 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 is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.
