Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you to improve your performance in the market. We’ll be taking an in-depth look at Profit.ly A well-respected all-in-one 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.
Total Rating: 4.1/5 Penny Stock Websites
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 allows traders of all levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Websites
How Does It How Does It
Profit.ly follows a subscription-based model that 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 there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to demonstrate your worth to a community of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account and other methods to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial profits through their years of knowledge. Penny Stock Websites
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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 look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, text, e-mail, 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 that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Websites
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these 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 just beginning their journey to the trading world. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. In this plan, that you can set up a private profile to share with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which could be a problem for those looking forward to this tier. Penny Stock Websites
Pro Plan
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which lets users pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. 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 support. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be more laid back and rarely active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to people who are just beginning. While novice traders may not be as adept at handling trading matters, the pros already understand the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Penny Stock Websites
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous 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 inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Penny Stock Websites
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Websites
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is 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 in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
