Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. We’ll be taking an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Penny Stock April 2021
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Penny Stock April 2021
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 toward the success of their business. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot 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 look at how the community of traders performs as well as its gurus. You’re not just allowed to prove value to a community of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an opportunity 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. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of expertise. Penny Stock April 2021
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase 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, email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock April 2021
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs 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 has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign 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 could call a ruthless process in and of itself.
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, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows 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 this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for those who are anticipating this level. Penny Stock April 2021
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One of them may be more laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across 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 to choose from the items in its online store for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had 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 well-equipped with managing trading but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock April 2021
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many services the platform has to offer
The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Penny Stock April 2021
What we mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources helpful in their efforts to reduce loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Penny Stock April 2021
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.