Stock trading can be an extremely risky game. On certain days, you might have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to return to the point you were at your best. If you find yourself immersed in the water it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you to improve your performance within the field. We’ll take a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Penny Stock March 2021
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” This idea, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students as well as) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Penny Stock March 2021
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving achievement. You can create an account for free, but you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to prove your worth to a large group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could opt to post your trades, either verified or not, by taking pictures. In Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom in addition to notifications via email or text 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 the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place 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 variety of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Penny Stock March 2021
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the most famous experts were 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. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as 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 premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-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 March 2021
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans 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 help you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you can create an account that is private to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders, which could be a problem for those eager to try this new tier. Penny Stock March 2021
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. 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-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Penny Stock March 2021
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you should have curiosity. Penny Stock March 2021
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful in their efforts to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock March 2021
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the ‘My Trade category on the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes 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 to download from the Apple App Store as well as the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities both right and left.