Stock trading can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you are always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. This review will take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Redditfueled Penny Stock Reversing In Sydney
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” This idea, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Redditfueled Penny Stock Reversing In Sydney
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward success. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account with your experience and skills, join your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to show value to a community of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is 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. The trading of penny stocks is an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial profits from their combined years of experience. Redditfueled Penny Stock Reversing In Sydney
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent gurus 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 the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as 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 most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both 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 trading profits. Redditfueled Penny Stock Reversing In Sydney
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging 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, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you are able to create an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ stats that might be a drawback for some who may be looking forward to this tier. Redditfueled Penny Stock Reversing In Sydney
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be laid back and less active, while another might be more active and in touch in their interactions with students. Think of chat rooms like 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 the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able choose from the items from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Redditfueled Penny Stock Reversing In Sydney
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the many features the platform is able to provide
The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have an open mind. Redditfueled Penny Stock Reversing In Sydney
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Redditfueled Penny Stock Reversing In Sydney
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard. It lets you record your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.