The stock market can be an extremely risky game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve discovered an option that can help you to improve your performance in the industry. In this review, we’ll be taking the time to 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 Biotech 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to learn from both losses and wins to the benefit of the trading industry. Penny Stock Biotech 2021
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to prove your worth to a group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can opt to post your trades, either verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and 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 delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an avenue for small companies to move to a market that is larger as it allows them to access money from the 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 his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial profits from their combined years of knowledge. Penny Stock Biotech 2021
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. 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 weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with 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 all-time trading profits. Penny Stock Biotech 2021
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also have 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 world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use many of the features of The Novice package. It is in this plan that you can create an account that is private to share 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 does what the name suggests caters people who want to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a problem for those eager to try this new tier. Penny Stock Biotech 2021
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can select from a variety of videos created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be laid back and less active, while another may be more interactive and online in their interactions with students. Consider 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 a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and members. Additionally, they can select from the products in its online store to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Penny Stock Biotech 2021
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable 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 images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, it is best to keep curiosity. Penny Stock Biotech 2021
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than before. Not only 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 learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Biotech 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade section of the dashboard that lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application 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 version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.
