The stock market can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you’re always in the mud, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Reversing In
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two objectives: one) making public records for not just the gurus as well as newsletter writers and students as well as) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Penny Stock Reversing In
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward achievement. It is possible to create an account at no cost, however you’re only given access to the leaderboards and monitor the actions 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 subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate value to a community of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, along with 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 personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial profits from their combined years of experience. Penny Stock Reversing In
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the 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 look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Reversing In
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates 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 of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats that might be a drawback for some who may be eager to try this new tier. Penny Stock Reversing In
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able 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 benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to pick from a range of instructional videos that are created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a place where gurus and their member traders can communicate 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 of them may be a laid-back person who is not very often active, while another might be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and members. Additionally, they can choose from the items from its online store to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Penny Stock Reversing In
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build 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 trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best 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 are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you should have an open mind. Penny Stock Reversing In
What we mean”yes” is it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Penny Stock Reversing In
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using 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 left and right.