The stock market can be a high-stakes game. Some days, you may have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to where you were at your most productive. If you’re always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth in the industry. We’ll take the time to look at Profit.ly A well-respected one-stop 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 On Fidelity
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed, transparent, accountable, and to build relationships with each other through its broad array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form 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 created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) giving all users to learn from the losses and wins for the trading industry’s benefit. Penny Stock On Fidelity
How Does It How Does It
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 for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a community of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may opt to post your trades, either verified or not, by taking pictures. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus via chatrooms along with email and text alerts 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of expertise. Penny Stock On Fidelity
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the 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 the 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, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as 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 monthly, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock On Fidelity
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
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 offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, which makes your actions public. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats, which might be a drawback for those who are anticipating this level. Penny Stock On Fidelity
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, where customers can pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and footage of 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 variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be laid back and rarely active, while another might be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. They can also gain hands-on experiences from trading within the platform, however they’ll realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may 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 experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock On Fidelity
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, 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 diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and products offered may not be enough for most of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you should have the ability to think with an open heart. Penny Stock On Fidelity
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Penny Stock On Fidelity
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the “My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.