Stock trading can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll be taking an in-depth 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.
Overall Rating: 4.1/5 Penny Stock Merger News
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves 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. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” This idea, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Merger News
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not only a chance to prove your worth to a community of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via pictures. In Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access money from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of 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 amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Penny Stock Merger News
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, 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. When we take that into account Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 when he first started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Merger News
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your hands on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for some who may be looking forward to this tier. Penny Stock Merger News
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes a 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be laid back and not very often active, while another might be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the risky mix that it carries. Ideally, they may make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stock Merger News
Profit.ly’s Pros and Pros and
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’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Penny Stock Merger News
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Merger News
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
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 version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
