The stock market can be an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to where you were your best. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll take the time to look at Profit.ly is a well-known 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 June 2021
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of advanced 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 one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
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 accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been prior to.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers as well as) allowing anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Penny Stock June 2021
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You can create an account for free, but you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a community of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, 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 guru who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of expertise. Penny Stock June 2021
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices; 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, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock June 2021
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market updates in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information 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 daily video lessons, which include a growing library of all other previous ones. In addition you’ll also have access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of The Novice package. This plan allows that you can set up an account that is private to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders this might be a drawback for those anticipating this level. Penny Stock June 2021
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items in its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Penny Stock June 2021
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons 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 by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Penny Stock June 2021
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock June 2021
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the My Trade category on the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with 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 is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities all over the world.