Stock trading can be a high-stakes game. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to return to the point you were at your best. If you find yourself always in the mud You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. 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 Know When A Penny Stock Will Spike
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 all levels to be informed responsible, transparent, and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data 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 it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” 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 gain insight into the losses and wins for the trading industry’s benefit. How To Know When A Penny Stock Will Spike
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving achievement. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate value to a community of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits through their years of knowledge. How To Know When A Penny Stock Will Spike
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent experts were 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 this platform: 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, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the 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, as well as the mobile app available for iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is a great option for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. How To Know When A Penny Stock Will Spike
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that cater to traders of 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 beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you do want to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their trading skills. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which might be a drawback for those who are eager to try this new tier. How To Know When A Penny Stock Will Spike
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of videos that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You are probably familiar with the chat room as 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 is seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be laid back and rarely active, while another might be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. 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 does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. How To Know When A Penny Stock Will Spike
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. How To Know When A Penny Stock Will Spike
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ How To Know When A Penny Stock Will Spike
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using 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 import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all 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 opportunities on the stock market both right and left.
