The stock market can be an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to return to where you were your most productive. If you’re always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll take the time to 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 Of The Week
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Penny Stock Of The Week
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward the success of their business. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or not, via pictures. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom as well as 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 guru who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading is an opportunity for small companies to move to a market that is larger as they can access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. When he was 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits through their years of experience. Penny Stock Of The Week
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most famous experts included 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers 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. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s 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 highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 monthly, it is a great option for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Of The Week
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and email and SMS alerts.
From “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 through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders at 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. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish 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, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this might be a drawback for those who are eager to try this new tier. Penny Stock Of The Week
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users pick from a range of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You’re probably 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 place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. One might be more laid back and less active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Penny Stock Of The Week
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. Penny Stock Of The Week
What we mean”yes” is it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful when they try their best to reduce loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Of The Week
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all functioning 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 assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.