The stock market can be an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you find yourself immersed in the water it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth in the market. We’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Penny Stock Tsx
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 all levels to be informed responsible, transparent, and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never previously done.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus and newsletter authors and students, and 2) allowing all users to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Tsx
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. It is possible to create an account there for free, but you’re only given 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 which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to show value to a community of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may decide to share your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per 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 allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also helped 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 sweet inclusions is the vast array of education sources, 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 made significant amounts of profit through their years of experience. Penny Stock Tsx
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the 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: Founder and penny stock trader 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both 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 Tsx
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to get access to this feature, be watching for us to introduce 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. This plan allows that you can set up a private profile to share with other associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Penny Stock Tsx
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to pick from a range of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One might be laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to choose from the items on its store online for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as adept at managing trading however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Penny Stock Tsx
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Penny Stock Tsx
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from 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 Tsx
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users are able to identify who is fraudulent 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 functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.
