The stock market can be a high-stakes game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you are immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll be taking a look at Profit.ly, a well-recognized single-stop social platform to trade!
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 To Enable Penny Stock Trading On Fidelity
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative and accountable, as well as transparent and encouraging one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of 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 for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students as well as) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. How To Enable Penny Stock Trading On Fidelity
How Does It Work?
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 can create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account with your experience and expertise, connect 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 feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. It’s not just a way to prove value to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for openness, 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 wide range of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. How To Enable Penny Stock Trading On Fidelity
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. How To Enable Penny Stock Trading On Fidelity
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit 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 just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets users to benefit from many of the features of the novice plan. In this plan, that you can set up a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you will not be able view the statistics of other traders this could be a disadvantage for some who may be anticipating this level. How To Enable Penny Stock Trading On Fidelity
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, and an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny 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.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide 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 has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can select from the products from its online store for them to take wherever they may go. 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 the traders with years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. How To Enable Penny Stock Trading On Fidelity
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call 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
- In addition to its primary features, Profit.ly also gives its customers additional options to meet 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
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming 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 selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. How To Enable Penny Stock Trading On Fidelity
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ How To Enable Penny Stock Trading On Fidelity
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard which lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo 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’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.