The stock market can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to return to the point you were at your peak. If you are always in the mud it is important to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Spacs
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification 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 those who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never previously done.” This idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus and students and newsletter writers and secondly) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Penny Stock Spacs
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving success. You can create an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to show that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, 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 trader who is famously known for his efforts in penny stock trading. 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 a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to 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 wide range of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Penny Stock Spacs
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this 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 packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and 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 highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Spacs
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets users to benefit from a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their trading skills. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this might be a drawback for those who are anticipating this level. Penny Stock Spacs
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, which lets users choose from a wide array of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be a laid-back person who is less engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Spacs
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you should have curiosity. Penny Stock Spacs
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Penny Stock Spacs
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard. It lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.