Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. We’ll take the time to look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Is Dogecoin A Penny Stock
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those new to trading and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea, he added, served two purposes: 1) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) allowing all users to be enlightened by both the wins and losses to the benefit of the trading industry. Is Dogecoin A Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward success. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t 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 offers, which we will review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to show your worth to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Is Dogecoin A Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both 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 trading earnings. Is Dogecoin A Penny Stock
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge 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 a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. This plan allows that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their skills in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics, which might be a drawback for those who are looking forward to this tier. Is Dogecoin A Penny Stock
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 each month with a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, where customers can choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One of them may be more laid back and less engaged, while another could be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Is Dogecoin A Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet 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’s something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately take advantage of the numerous services the platform has to offer
The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Is Dogecoin A Penny Stock
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s range of resources useful in their efforts to reduce loss and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Is Dogecoin A Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot 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 is the probability that it’s verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.