Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your best. If you are always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance within the field. This review will take 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.
Total Rating: 4.1/5 Redditfueled Penny Stock Rally Reversing Sydney
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never previously done.” This idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as newsletter authors and students as well as) making it possible for everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Redditfueled Penny Stock Rally Reversing Sydney
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You can create an account 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 looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to prove that you’re worthy to the group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, either verified or not, via photographs. In Profit.ly are the vast number of courses in trading, the ability to view 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small companies to move into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Redditfueled Penny Stock Rally Reversing Sydney
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: Founder and penny stock trader 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
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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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Redditfueled Penny Stock Rally Reversing Sydney
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three 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 new to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan costs $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, thus making your personal information public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which could be a problem for some who may be anticipating this level. Redditfueled Penny Stock Rally Reversing Sydney
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, and 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other 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 may be familiar with the chat room 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 it’s seen as a real-time area where experts and members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of 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 fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Redditfueled Penny Stock Rally Reversing Sydney
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Redditfueled Penny Stock Rally Reversing Sydney
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Redditfueled Penny Stock Rally Reversing Sydney
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard. It allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on 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 for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.