Stock trading is a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your peak. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your improvement in the market. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock On Cash App
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly 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 magazine Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) allowing anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Penny Stock On Cash App
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate value to a group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish 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 most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Penny Stock On Cash App
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world 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, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock On Cash App
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base 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. On top of that you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm 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 onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. 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 the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to view the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Penny Stock On Cash App
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month and 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be laid back and rarely active, while another might be more interactive and online with their students. 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 wide range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items in its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to 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 see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock On Cash App
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Penny Stock On Cash App
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock On Cash App
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the “My Trade’ category of the dashboard that lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.