Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. If you are immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified a platform that can support you in your improvement within the field. This review will take a 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.
Total Rating: 4.1/5 Penny Stock Meaning
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” This idea, he added, served two purposes: 1) making public records for not just the gurus and newsletter authors and students, and 2) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Penny Stock Meaning
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group and its experts. It’s not just a way to prove value to a group of traders, as you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile as well as other ways to interact with your experts via chatrooms 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 personality who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place 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 amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of experience. Penny Stock Meaning
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Meaning
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that are designed to accommodate traders of 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 beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ statistics this could be a problem for those looking forward to this tier. Penny Stock Meaning
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can select from a variety of videos created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos 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 range of features and services. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and rarely active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products in its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Penny Stock Meaning
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most 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 risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have an open mind. Penny Stock Meaning
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Meaning
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade category on the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.