The stock market can be an extremely risky game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your most productive. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll be taking a 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 To Buy Today
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication, it helps 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 an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” This idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students, and 2) giving anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Penny Stock To Buy Today
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can opt to post your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, as well as 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 guru who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Penny Stock To Buy Today
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: the founder of the penny stock market 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’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices; 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 premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Penny Stock To Buy Today
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create an account that is private to share with other associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ stats, which might be a drawback for some who may be anticipating this level. Penny Stock To Buy Today
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often active, while another may be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Penny Stock To Buy Today
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Penny Stock To Buy Today
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck may find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Penny Stock To Buy Today
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard which lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version 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 to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.