Stock trading can be an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to get back to the point you were at your best. If you are immersed in the water You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll take the time to look at Profit.ly is a well-known 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. 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
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) allowing all users to be enlightened by both the wins and losses to the benefit of the trading industry. How To Buy Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You can create an account on the site at no cost, however you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At 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.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their collective years of knowledge. How To Buy Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the 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 what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both 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. How To Buy Penny Stock
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for 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 basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up an account that is private for sharing with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats that could be a problem for those looking forward to this tier. How To Buy Penny Stock
This is by far the most premium package that Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One might be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products from its online store for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. How To Buy Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. How To Buy Penny Stock
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ How To Buy Penny Stock
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade’ category of the dashboard that lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.