Stock trading can be an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your most productive. If you’re immersed in the water, you will have 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. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized all-in-one social platform for trading!
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 Millionaire Reviews
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing all users to learn from the losses and wins to benefit the industry of trading. Penny Stock Millionaire Reviews
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its experts. It’s not just a way to prove your worth to a community of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, as well as 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Penny Stock Millionaire Reviews
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Millionaire Reviews
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an 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 industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with other associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders this might be a drawback for those who are eager to try this new tier. Penny Stock Millionaire Reviews
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for billing annually This plan offers 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 and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which lets users select from a variety of videos created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from 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 features and services. You are probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One might be laid back and rarely active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts and members. Additionally, they can select from the products on its store online for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, however they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock Millionaire Reviews
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics 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 credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you should have curiosity. Penny Stock Millionaire Reviews
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Millionaire Reviews
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the My Trade’ category of the dashboard which lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities left and right.