Stock trading can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your peak. If you’re always in the mud You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock To Buy
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) making public records for all traders, not just the gurus and students and newsletter writers, and 2) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Penny Stock To Buy
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account for free, but you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to prove value to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account, and more ways to interact with your experts in the chatroom, along with 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete on 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 in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of experience. Penny Stock To Buy
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts as well as unlimited 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 by the name “Superman,” is a trader who has 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 trading earnings. Penny Stock To Buy
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice 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 provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ stats, which might be a drawback for some who may be eager to try this new tier. Penny Stock To Buy
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, with 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is less active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Penny Stock To Buy
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready 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
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Penny Stock To Buy
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from 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 To Buy
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the ‘My Trade section of the dashboard. It lets you post your trades, either verified or not. You may choose between three options:
- 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 reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.