Stock trading can be an exciting game with high stakes. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you find yourself always in the mud You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the industry. We’ll be taking the time to 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.
Overall Rating: 4.1/5 Penny Stock Trading Online
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) allowing all users to learn from the losses and wins for the trading industry’s benefit. Penny Stock Trading Online
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving success. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll 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 the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not just a way to show value to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’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 personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial profits from their combined years of experience. Penny Stock Trading Online
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: 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 take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is a great option for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to a 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 by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Trading Online
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of 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 plans and costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you do want to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this might be a drawback for those who are anticipating this level. Penny Stock Trading Online
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month which includes a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be 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 choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of 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 the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be laid back and not very often engaged, while another could be more online and communicative in their interactions with students. 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 are geared towards a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to select from the products from its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stock Trading Online
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “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 intended to be created for this reason. Instead, you need to have an open mind. Penny Stock Trading Online
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Trading Online
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
