Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your most productive. If you find yourself immersed in the water it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses and you’re likely to require 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 globe, which is why we’ve found an option that can help you in your growth within the field. We’ll take a look at Profit.ly is a well-known 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 The Rise
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification as well as an extensive 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 also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The concept Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Penny Stock On The Rise
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing 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 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 have yourself the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at their performance as a trading group and its experts. You’re not just allowed to show value to a community of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, whether verified or not, via photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways 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 trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as 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 for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their collective years of expertise. Penny Stock On The Rise
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: the founder of the penny stock market 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 Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock On The Rise
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
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 resources to help you started. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Penny Stock On The Rise
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 each month which includes 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which lets users pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is less engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that this is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to people who are just beginning. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Penny Stock On The Rise
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. Penny Stock On The Rise
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Penny Stock On The Rise
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.