Stock trading is a high-stakes game. On some days, you may have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your peak. If you are immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Pre Market Penny Stock Movers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
How do I define 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 using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The idea, he added, served two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter authors and students as well as) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Pre Market Penny Stock Movers
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account there for free, but 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 to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. It’s not just a way to demonstrate value to a community of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, either verified or not, by taking screenshots. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts in the chatroom, along with 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 is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial profits through their years of knowledge. Pre Market Penny Stock Movers
At its height, 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 most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $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 moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is 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 most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is a great option for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Pre Market Penny Stock Movers
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will 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. Once you have signed 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 process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their expertise in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this could be a problem for those anticipating this level. Pre Market Penny Stock Movers
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, with an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact 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 active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its 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, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora 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 trading abilities. As beginners, they are able to learn from the 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 or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Pre Market Penny Stock Movers
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call 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 core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have an open mind. Pre Market Penny Stock Movers
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Pre Market Penny Stock Movers
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase 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 submit it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently using 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 to help one another learn and improve in acquiring opportunities in the stock market left and right.
