The stock market can be a high-stakes game. On some days, you could have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your best. If you find yourself immersed in the water You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll take an in-depth 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 May 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The concept, he added, served two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students, and 2) giving everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Penny Stock May 2021
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 towards achieving success. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account then you could decide to share your trades, verified or not, via pictures. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small companies to move into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Penny Stock May 2021
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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In “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. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock May 2021
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the 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 make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look 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 an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use 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 other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Penny Stock May 2021
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is 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 those is its online store, which lets users select from a variety of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading 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 scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be laid back and less active, while another might be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
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 how it works along with the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Penny Stock May 2021
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Penny Stock May 2021
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Penny Stock May 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard which lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.
