Stock trading is an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were at your best. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. 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. 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 Under 20 Cents
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it a social media site akin to Facebook and Reddit but with a focus on 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 honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded years ago by the 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 based “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts and students and newsletter writers and secondly) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Penny Stock Under 20 Cents
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. It is possible to create an account at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts 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 an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to interact with your experts via chatrooms as well as 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 trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped to establish 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 variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money through their years of expertise. Penny Stock Under 20 Cents
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, texts, emails 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 package. It costs $149.95 monthly, it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Penny Stock Under 20 Cents
The Superman Alerts plan is an offering of essential 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, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other 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 ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your actions public. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of The Novice package. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats this could be a problem for some who may be looking forward to this tier. Penny Stock Under 20 Cents
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month with an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, which lets users pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be more laid back and rarely active, while another might be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Penny Stock Under 20 Cents
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have an open mind. Penny Stock Under 20 Cents
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Penny Stock Under 20 Cents
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the ‘My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.
