Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses 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, which is why we’ve found an option that can help you in your improvement in the industry. We’ll take a look at Profit.ly is a well-known single-stop social platform to trade!
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 Penny Stock Account
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables 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 chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students, and 2) giving everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Penny Stock Account
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. You’re not just allowed to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, via photographs. Also 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 more ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone 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. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of experience. Penny Stock Account
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on the platform: 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 look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A purchase on its own from 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 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Account
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
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 are able to create a private profile to share with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their skills in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats that could be a problem for some who may be looking forward to this tier. Penny Stock Account
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all the options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Penny Stock Account
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish 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 individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers 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 worth it?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Penny Stock Account
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock Account
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard which lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with 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 do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
