Stock trading can be a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve identified an option that can help you to improve your performance in the market. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock For 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training 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 range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly 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 his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students as well as) allowing everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Penny Stock For 2021
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings 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 the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community and its gurus. You’re not just allowed to demonstrate value to a group of traders, but you are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, verified or not, via pictures. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to connect with your gurus through the chatroom along with 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 trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their combined years of knowledge. Penny Stock For 2021
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: the 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 take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices; 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 that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Penny Stock For 2021
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a problem for those looking forward to this tier. Penny Stock For 2021
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Penny Stock For 2021
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you should have the ability to think with an open heart. Penny Stock For 2021
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock For 2021
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
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 working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
