Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were your best. If you’re always in the mud You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your improvement within the field. This review will take the time to look at Profit.ly is a well-known 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 For November 2021
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that was never done before.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Penny Stock For November 2021
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. You can create an account at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, verified or not, via photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as 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 platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, 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 substantial amounts of money from their collective years of expertise. Penny Stock For November 2021
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase 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, as well as text, e-mail 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 program. At $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock For November 2021
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. 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 field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders of different levels. Let’s take a look at what these three tiers 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 just beginning their journey to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $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 however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ statistics that could be a problem for those who are eager to try this new tier. Penny Stock For November 2021
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these options, plus the other 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 level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part 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 showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock For November 2021
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Penny Stock For November 2021
What we mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Penny Stock For November 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.