Stock trading is an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were your peak. If you are immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your growth in the market. We’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Penny Stock Strategy
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and uplifting with each other by offering a wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are just beginning their journey as well as a place 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 communication and trade that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students and secondly) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Penny Stock Strategy
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving success. You can create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to prove that you’re worthy to the group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom along with 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 trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit through their years of experience. Penny Stock Strategy
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the prominent 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. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Strategy
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a problem for those who are anticipating this level. Penny Stock Strategy
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and products from other 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 chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Strategy
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for a lot of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have curiosity. Penny Stock Strategy
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources helpful as they do their best to reduce losses and be more successful than before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Strategy
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the “My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.
