Stock trading can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your best. If you are always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. This review will take the time to look at Profit.ly A well-respected 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 Reddit
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 allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been done before.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Penny Stock Reddit
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account for free, but you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to demonstrate your worth to a group of traders, but you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money through their years of knowledge. Penny Stock Reddit
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 most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: Founder and penny stock trader 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Reddit
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a disadvantage for those who are anticipating this level. Penny Stock Reddit
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month which includes a 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You’re probably 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. But in Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is not very often active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to the newcomers. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Penny Stock Reddit
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Penny Stock Reddit
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Reddit
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through 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 from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
