The stock market can be an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you’re immersed in the water, 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 sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the market. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Penny Stock Rally Reversing In
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Penny Stock Rally Reversing In
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared toward achievement. You may set up an account there at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to prove value to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small companies to move into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits through their years of knowledge. Penny Stock Rally Reversing In
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ 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 and the mobile app available on iOS and Android devices, as well as texts, emails, 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 program. At $149.95 per month, this is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with 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 trading earnings. Penny Stock Rally Reversing In
The Superman Alerts package is his 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 premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you 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: Cater for those looking to develop their trading skills. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you will not be able view the statistics of other traders that could be a problem for some who may be anticipating this level. Penny Stock Rally Reversing In
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off for annual billing, this tier has it all. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its 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, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able choose from the items in its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that come with it. It is ideal to use Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Penny Stock Rally Reversing In
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Penny Stock Rally Reversing In
What we are referring to”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will benefit from this 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 along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Rally Reversing In
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.