Stock trading can be an extremely risky game. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to the point you were at your most productive. If you find yourself immersed in the water You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners 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 a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Apps For Android
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the 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 authentic and won’t accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students and secondly) making it possible for all users to learn from both the wins and losses to the benefit of the trading industry. Penny Stock Apps For Android
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving achievement. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show your worth to a group of traders, as you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, in addition to 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 trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Penny Stock Apps For Android
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices; 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 per month, it is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 all-time trading profits. Penny Stock Apps For Android
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three 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. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study 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 looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. In this plan, that you can create an account that is private to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats that could be a problem for those eager to try this new tier. Penny Stock Apps For Android
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, and a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to 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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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is rarely active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in 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 beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice by its internal gurus as well as their members. Additionally, they can choose from the items from its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the risky mix associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Apps For Android
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks 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 real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Penny Stock Apps For Android
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Apps For Android
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade’ category of the dashboard that 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 the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.