The stock market can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your growth within the field. This review will take an in-depth look at Profit.ly A well-respected 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 Tech Stocks
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 enables traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those new to trading as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) allowing everyone on the platform to learn from both losses and wins to benefit the industry of trading. Penny Stock Tech Stocks
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate your worth to a community of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may decide to share your trades, either verified or otherwise, through photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as email and text alerts 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 famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trader. At 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Penny Stock Tech Stocks
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. 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. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to anticipate 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 for iOS and Android devices, as well as texts, emails 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Tech Stocks
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you do want to have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Penny Stock Tech Stocks
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can select from a variety of video products created to help you understand the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Penny Stock Tech Stocks
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, it is best to keep an open mind. Penny Stock Tech Stocks
What we mean”yes” is it can be a great learning tool. Those who may be stuck could 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 that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Tech Stocks
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing on 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 in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
