The stock market can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were your peak. If you find yourself immersed in the water You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your growth in the market. This review will be taking a look at Profit.ly, a well-recognized one-stop 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 Semiconductor
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Penny Stock Semiconductor
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed toward achievement. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account as well as other ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia, a 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 an opportunity for small companies to move into a larger market because they can access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial amounts of money through their years of experience. Penny Stock Semiconductor
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Semiconductor
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you do want to get access to this feature, stay tuned as we 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 an individual profile that allows you to share with other associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ stats, which could be a disadvantage for those anticipating this level. Penny Stock Semiconductor
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month and a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these options, plus the other 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 a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of 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 are probably familiar with chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is not very often active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to select from the products on its store online to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider 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 however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Penny Stock Semiconductor
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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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 a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Penny Stock Semiconductor
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Semiconductor
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard. It allows you to post your trades, either verified or not. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.