Stock trading is a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your peak. If you find yourself immersed in the water it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses 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 trading partners from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the market. We’ll be taking the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Trades
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept was, he said, serving two objectives: one) keeping track of public data for not just the gurus and students and newsletter writers and secondly) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Penny Stock Trades
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You can create an account there for free, but you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. 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. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may opt to post your trades, whether verified or not, by taking photographs. Included 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, in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into penny stock trading. 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 they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of 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 variety of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits from their collective years of experience. Penny Stock Trades
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts included 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, as well as email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Trades
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
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 activities publicly available. If you do want to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats this could be a disadvantage for some who may be looking forward to this tier. Penny Stock Trades
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all features of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the benefits that you can use 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 plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few other services they offer. One of those is its online store, where customers can pick from a range of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety 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 assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be more laid back and rarely active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Penny Stock Trades
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Penny Stock Trades
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Penny Stock Trades
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, 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 more than 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 in the stock market all over the world.
