Stock trading can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you are always in the mud it is important be aware that relying solely on pure instinct and preservation is not always 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 important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you to improve your performance within the field. We’ll be taking a look at Profit.ly is a well-known 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 Under 10 Cents
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options 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, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The concept, he added, served two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Penny Stock Under 10 Cents
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove value to a community of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods 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 trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an avenue for small companies to move to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of 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 of 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 sweet inclusions is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Penny Stock Under 10 Cents
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most famous 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 this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Under 10 Cents
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see the statistics of other traders this could be a problem for those who are anticipating this level. Penny Stock Under 10 Cents
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, with an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users pick from a range of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage from 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 services and features. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be more laid back and less active, while another might be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they may go. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works along with the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at an equal level with 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 help navigate them through the ever-changing trading process. Penny Stock Under 10 Cents
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous 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 an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Penny Stock Under 10 Cents
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Under 10 Cents
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.