The stock market can be an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your best. If you’re always in the mud, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth in the market. This review will take a look at Profit.ly is a well-known 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 Partnering With Tesla
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor 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 all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The concept, he added, served two purposes: 1) making public records for not just the gurus as well as newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Penny Stock Partnering With Tesla
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. You can create an account for free, but you’re only limited to having access to the leaderboards and monitor 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 join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its gurus. You’re not just allowed to show that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms 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 trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small companies to move to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of knowledge. Penny Stock Partnering With Tesla
At its height, Profit.ly had housed up to five gurus, all 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 however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur 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 and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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 earnings. Penny Stock Partnering With Tesla
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform has 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
The package called Novice 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 package, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by 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; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics that could be a problem for some who may be anticipating this level. Penny Stock Partnering With Tesla
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can select from a variety of videos created to guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s 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 a laid-back person who is less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Penny Stock Partnering With Tesla
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Penny Stock Partnering With Tesla
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Penny Stock Partnering With Tesla
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this 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 works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
