Stock trading can be an exciting game with high stakes. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter it is important to realize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Penny Stock Strategies For Beginners
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been previously done.” The idea Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers and secondly) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Penny Stock Strategies For Beginners
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared toward success. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group and its experts. It’s not just a way to prove value to a group of traders, but you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may opt to post your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom as well as 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 guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings 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 trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Penny Stock Strategies For Beginners
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices; email, text, 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 program. Priced at $149.95 for a month this is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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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 both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Penny Stock Strategies For Beginners
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each 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 capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from many of the features of The Novice package. This plan allows that you are able to create an individual profile that allows you to share with other associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their skills in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders this might be a drawback for those eager to try this new tier. Penny Stock Strategies For Beginners
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of video products created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from 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 range of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One might be laid back and not very often active, while another may be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings 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 it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items from its online store to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading, the pros already understand how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
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 enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Penny Stock Strategies For Beginners
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer 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 Valued?
If we were able to come up with the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Penny Stock Strategies For Beginners
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s variety of resources helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Penny Stock Strategies For Beginners
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
