Stock trading can be a high-stakes game. On some days, you may have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Mems Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” The concept Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Mems Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed toward achievement. You can create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to join 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 knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not just a way to prove your worth to a community of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you may decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show 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 place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money through their years of experience. Mems Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche 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, there are only two gurus who remain on the platform: the 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Mems Penny Stock
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats that could be a problem for those who are eager to try this new tier. Mems Penny Stock
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and an additional 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they provide. One of them is the online store, where customers can choose from a wide array of video products designed to inform and 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. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range 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. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be laid back and less active, while another may be more active and in touch to their pupils. Think of chat rooms as 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 the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items in its online store for them to take wherever they may go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on 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 navigate them through the ever-changing trading process. Mems Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its in-house gurus, including 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 when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because 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 Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, it is best to keep an open mind. Mems Penny Stock
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Mems Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the My Trade section of the dashboard. It lets you post your trades, either verified or not. You may choose between three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and on 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 currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.