Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to return to the point you were at your most productive. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. We’ll be taking an in-depth look at Profit.ly, a well-recognized one-stop 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 Buys
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and as a hub for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. 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 posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students as well as) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Penny Stock Buys
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward success. You may set up an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders, but you can also use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, whether verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate 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 famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an opportunity for small companies to move into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trader. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money from their combined years of knowledge. Penny Stock Buys
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus 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. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
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In “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. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Buys
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown 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, as well as access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those who are anticipating this level. Penny Stock Buys
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month with 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all the features from the two prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they offer. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and help you understand the ins and outs 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 trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be a laid-back person who is rarely active, while another might be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a high stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock Buys
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep curiosity. Penny Stock Buys
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Buys
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard which allows you to post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to 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 opportunities in the stock market all over the world.