The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your best. If you are always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. We’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Exempt Good Or Bad
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea Sykes said served two objectives: one) making public records for all traders, not just the gurus and newsletter authors and students, and 2) allowing anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Penny Stock Exempt Good Or Bad
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed at achieving success. You may set up an account there for free, but you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to show value to a community of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills 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, whether verified or otherwise, through screenshots. 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 via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small companies to move to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to establish 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their combined years of knowledge. Penny Stock Exempt Good Or Bad
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and 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, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to a collection of more than 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 alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Exempt Good Or Bad
The Superman Alerts plan is his package of vital 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 stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself via Superman Pro. 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 gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders with different levels. Let’s look at what the three levels are and what 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. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all 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 do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. This plan allows that you can create an account that is private to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders this could be a problem for those who are looking forward to this tier. Penny Stock Exempt Good Or Bad
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from 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 may be familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s range of features to their full advantage to develop their trading skills. 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-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Penny Stock Exempt Good Or Bad
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit 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 a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to offer
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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 yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Penny Stock Exempt Good Or Bad
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Penny Stock Exempt Good Or Bad
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are connected to 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 assist each other to learn and improve in acquiring opportunities on the stock market left and right.