The stock market can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying 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 are constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve found an online platform that will help you in your improvement within the field. We’ll be taking the time to look at Profit.ly, a well-recognized 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 Pick A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are starting out and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. How To Pick A Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. You can create an account there for free, but you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into how the community of traders performs and its gurus. It’s not only a chance to show your worth to a group of traders, as you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, as well as 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 has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of expertise. How To Pick A Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent gurus 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 this platform: Founder and 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 the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. How To Pick A Penny Stock
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base 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 daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you can set up a private profile to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ stats, which might be a drawback for those eager to try this new tier. How To Pick A Penny Stock
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to choose from a wide array of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be laid back and rarely active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. How To Pick A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- 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 boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have an open mind. How To Pick A Penny Stock
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ How To Pick A Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the ‘My Trade category on the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in 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 trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities left and right.
