The stock market can be an extremely risky game. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were at your best. If you find yourself always in the mud, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth within the field. We’ll take an in-depth look at Profit.ly A well-respected all-in-one 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 Webull
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as a social media site akin 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 style 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 possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” This idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts and students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Penny Stock On Webull
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account there for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, either verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is a stepping stone for small-scale businesses to make the transition into a larger market because they can access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial profits through their years of experience. Penny Stock On Webull
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast 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 application that is available for iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading 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 Webull
The Superman Alerts plan is an offer of the most 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 and the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that 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 eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging 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, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. 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 see other traders’ statistics this might be a drawback for those anticipating this level. Penny Stock On Webull
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off when billed annually the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are plus the other 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 plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of videos created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more interactive and online to their pupils. 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 wide range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items from its online store to carry with them wherever they may go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Penny Stock On Webull
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, 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 live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be 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 meant to be designed for this reason. Instead, you should have curiosity. Penny Stock On Webull
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to reduce losses and be more successful than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock On Webull
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 record your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.