Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned 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 in your improvement in the industry. This review will take 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.
Overall Rating: 4.1/5 Penny Stock On Robinhood To Buy
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts 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 trust and transparency. it makes sure that trades are valid 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 his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students, and 2) giving everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Penny Stock On Robinhood To Buy
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, via photographs. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to 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 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-sized company’s shares that trade for under $5 for each share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their combined years of knowledge. Penny Stock On Robinhood To Buy
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world 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, 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. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock On Robinhood To Buy
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re looking to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to take advantage of the majority of features available in the novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ stats, which could be a disadvantage for those looking forward to this tier. Penny Stock On Robinhood To Buy
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. 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 tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can pick from a range of video products created to help you understand the ins and outs 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 trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re 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. However, in Profit.ly, it is 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 in dealing with the members there. Some may be laid back and rarely active, while another may be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to select from the products in its online store for them to take wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know how it works along with the risky mix that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Penny Stock On Robinhood To Buy
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Penny Stock On Robinhood To Buy
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Penny Stock On Robinhood To Buy
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.