The stock market can be a high-stakes game. Some days, you could have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your best. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll take the time to 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. 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 Less Than 10 Cents
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus, but also the students and newsletter writers as well as) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Penny Stock Less Than 10 Cents
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving achievement. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at the performance of the trading community and its gurus. You’re not just allowed to prove value to a group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you can decide to share your trades, verified or not, by taking pictures. In Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as email and text alerts 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Penny Stock Less Than 10 Cents
At its peak, 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 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, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Penny Stock Less Than 10 Cents
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their trading skills. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats this could be a problem for those who are looking forward to this tier. Penny Stock Less Than 10 Cents
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month and 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, where customers can pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade 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 there. Some may be a laid-back person who is rarely active, while another may be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items from its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a high stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Less Than 10 Cents
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many 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 the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you need to have an open mind. Penny Stock Less Than 10 Cents
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources useful when they try their best to avoid loss and perform better 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 in the field!
If you truly desire to be better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Penny Stock Less Than 10 Cents
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard. It 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 transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo 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 indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users 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 for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
