Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to where you were at your peak. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. We’ll be taking an in-depth look at Profit.ly A well-respected 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 Nakd Penny Stock
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus, but also the newsletter authors and students as well as) allowing all users to be enlightened by the losses and wins to benefit the industry of trading. Nakd Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to prove your worth to a group of traders, as you are also able to use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small businesses to transition to a market that is larger as they can access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, 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 vast array of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Nakd Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the prominent experts were 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. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Nakd Penny Stock
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get 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 world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up a private profile to share with other associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for some who may be eager to try this new tier. Nakd Penny Stock
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these features, in addition to the advantages you’ll be able to 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 level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and scenes from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be a laid-back person who is not very often active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items on its store online that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in handling trading matters but the experts already know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! 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 display their skill to others as a way to help assist them in the ever-changing trading process. Nakd Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many features the platform is able to provide
The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, it is best to keep an open mind. Nakd Penny Stock
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s range of resources helpful when they try their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Nakd Penny Stock
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard that lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up 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 available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.