Stock trading is a high-stakes game. On some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your peak. If you’re always in the mud You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth within the field. We’ll take a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Penny Stock With Potential
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Penny Stock With Potential
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving success. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and observe the actions 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 it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to prove your worth to a group of traders, as you can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom in addition to 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 delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits through their years of expertise. Penny Stock With Potential
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most famous experts included 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 of the penny stock market 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as 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 premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock With Potential
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, 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 simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you can create an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ stats, which might be a drawback for those anticipating this level. Penny Stock With Potential
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Penny Stock With Potential
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary 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 is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep curiosity. Penny Stock With Potential
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Penny Stock With Potential
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.
