Stock trading is an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you in your improvement in the industry. This review will 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 Reversing In Sydney
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never prior to.” The idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Penny Stock Reversing In Sydney
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 at achieving success. You can create an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a community of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you can opt to post your trades, whether verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for openness, 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 vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their collective years of expertise. Penny Stock Reversing In Sydney
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise 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 there are only two gurus who 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
The following video is from “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. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Reversing In Sydney
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look 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, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. In this plan, that you are able to create a private profile to share with other associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which might be a drawback for those who are looking forward to this tier. Penny Stock Reversing In Sydney
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month with 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, 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
In addition to the trainer tools 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 pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be more laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able select from the products on its store online for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Penny Stock Reversing In Sydney
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users will immediately benefit from the many services that the platform can offer
The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Penny Stock Reversing In Sydney
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Penny Stock Reversing In Sydney
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then 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 is authentic or not?
If you import your trade through a reliable brokerage, there’s 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 images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.