Stock trading is a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned 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 found a platform that can support you in your growth within the field. This review will take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Redditfueled Penny Stock Rally
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea, he added, served two objectives: one) creating public track records for not just the gurus, but also the students and newsletter writers, and 2) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Redditfueled Penny Stock Rally
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at the performance of the trading community and its gurus. It’s not only a chance to demonstrate your worth to a group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account then you could decide to share your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account as well as other ways to interact with your experts via chatrooms as well as notifications via email or text 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 famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. When he was 25 years old Sykes was given more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of expertise. Redditfueled Penny Stock Rally
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will 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 as well as the mobile app available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Redditfueled Penny Stock Rally
The Superman Alerts plan is an offering of essential 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 app, the daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed 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, all of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for those anticipating this level. Redditfueled Penny Stock Rally
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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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 chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members trade and exchange 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 a laid-back person who is rarely engaged, while another could be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Redditfueled Penny Stock Rally
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from cherry-picking the best trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Redditfueled Penny Stock Rally
What we do mean”yes” is it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful as they do their best to reduce losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Redditfueled Penny Stock Rally
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application 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 app version works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 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 stock market opportunities both right and left.