Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your improvement in the industry. This review will be taking an in-depth 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 Rally Reversing Sydney
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are starting out as well as a place 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 that help traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two purposes: 1) keeping track of public data 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 losses and wins to benefit the industry of trading. Penny Stock Rally Reversing Sydney
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward success. You can create an account on the site for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a large group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may choose to publish your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money through their years of knowledge. Penny Stock Rally Reversing Sydney
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing 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. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock Rally Reversing Sydney
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Penny Stock Rally Reversing Sydney
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, with 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be laid back and not very often active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also 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 to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock Rally Reversing Sydney
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Penny Stock Rally Reversing Sydney
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Rally Reversing Sydney
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.