Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen 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 realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Penny Stock Apps Usa
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Penny Stock Apps Usa
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You can create an account there for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, verified or not, via pictures. In Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, 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, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trader. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, 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 vast array of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit from their collective years of knowledge. Penny Stock Apps Usa
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: 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 basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A purchase on its own 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, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock Apps Usa
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, 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, plus access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from The Novice package. In this plan, that you can create an account that is private for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics this might be a drawback for those who are eager to try this new tier. Penny Stock Apps Usa
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs 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 such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and learn 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 interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range 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 every person.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Penny Stock Apps Usa
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, 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 wide array of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t 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 Worth It?
If we could think of the answer, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Penny Stock Apps Usa
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Apps Usa
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard that lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities both right and left.