The stock market can be an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your most productive. If you’re immersed in the water You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement within the field. We’ll take an in-depth look at Profit.ly, a well-recognized 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 Online Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative responsible, transparent, and uplifting with each other through its broad 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 site for trading which serves as a training and learning platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept Sykes said served two objectives: one) making public records for not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Penny Stock Online Trading
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to demonstrate value to a large group of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus in the chatroom, in addition to 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 well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial profits through their years of expertise. Penny Stock Online Trading
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most prominent 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 as well as 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 packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Online Trading
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, 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 and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. This plan allows that you can create an account that is private for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics this could be a problem for those who are anticipating this level. Penny Stock Online Trading
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, 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 ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms like 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 caters to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able choose from the items on its store online that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in managing trading but the experts already know the way it functions and the risky mix that it carries. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock Online Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Penny Stock Online Trading
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful in their efforts to reduce loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Online Trading
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is 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 the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.
