Stock trading is an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to the point you were at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your improvement within the field. We’ll take 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 If A Penny Stock Doubles
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The idea was, he said, serving two purposes: 1) making public records for not just the gurus and newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. If A Penny Stock Doubles
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving the success of their business. You can create an account there at no cost, however you’re only limited to having 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 what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into how the community of traders performs and its experts. It’s not just a way to prove value to a group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made significant amounts of profit through their years of knowledge. If A Penny Stock Doubles
At its height, 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 most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through 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 possible moves in making trades.
A purchase on its own in 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 texts, emails, 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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In “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. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. If A Penny Stock Doubles
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three tiers 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 new to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats that might be a drawback for some who may be eager to try this new tier. If A Penny Stock Doubles
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and not very often active, while another may be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works and the risky mix associated with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. If A Penny Stock Doubles
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build 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 needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. If A Penny Stock Doubles
What we mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ If A Penny Stock Doubles
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard which lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.