Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your peak. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. 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 Less Than 1 Cent
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative responsible, transparent, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two purposes: 1) creating public track records for not just the gurus and newsletter writers and students and secondly) allowing everyone on the platform to learn from the losses and wins to benefit the industry of trading. Penny Stock Less Than 1 Cent
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed toward success. You can create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to show 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 of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, either verified or not, via photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile and other methods to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market can be seen as an opportunity for small companies to move to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, 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 for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Penny Stock Less Than 1 Cent
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices; email, text, 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 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Penny Stock Less Than 1 Cent
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in have access to this feature, 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 package. This plan allows that you are able to create a private profile to share with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which might be a drawback for some who may be looking forward to this tier. Penny Stock Less Than 1 Cent
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the options of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One of them may be laid back and less active, while another might be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as proficient in managing trading, the pros already understand how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock Less Than 1 Cent
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- 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’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many services that the platform can offer
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The Final Verdict: 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 quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Penny Stock Less Than 1 Cent
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Less Than 1 Cent
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the ‘My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.