Stock trading can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you are immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve found an online platform that will help you in your growth in the market. We’ll be taking the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Penny Stock Reverse Split
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been prior to.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter authors and students as well as) making it possible for all users to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Reverse Split
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward success. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out 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 go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading is an avenue for small businesses to transition into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided 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 Reverse Split
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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, texts, emails, 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. At $149.95 per month, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released 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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Reverse Split
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. It is in this plan that you can create an individual profile that allows you to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics, which might be a drawback for some who may be anticipating this level. Penny Stock Reverse Split
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 per month, which includes an additional 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be the right choice 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 offer. One of those is its online store, which lets users select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and clips of events like 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 array of features and services. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be more laid back and less engaged, while another could be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to select from the products from its online store to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that trading is a risky game that should not be viewed as an amusing pastime.
For those traders who have had 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, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Penny Stock Reverse Split
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- 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 of the platform offers you the chance to establish your credibility as a trustworthy and authentic 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 trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. Penny Stock Reverse Split
What we mean”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Penny Stock Reverse Split
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade section of the dashboard which lets you record your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is evident 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 unauthentic trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are 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 works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.