The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were at your best. If you’re constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll take a 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.
Total Rating: 4.1/5 Redditfueled Penny Stock Reversing Sydney
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” The concept Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) allowing everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Redditfueled Penny Stock Reversing Sydney
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their combined years of expertise. Redditfueled Penny Stock Reversing Sydney
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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 look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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 he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Redditfueled Penny Stock Reversing Sydney
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze, 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 simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for those who are anticipating this level. Redditfueled Penny Stock Reversing Sydney
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, and an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, 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 also part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. One might be laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to develop their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Redditfueled Penny Stock Reversing Sydney
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
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. It wasn’t designed to be used for this reason. Instead, you should have an open mind. Redditfueled Penny Stock Reversing Sydney
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful as they do their best to reduce loss 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 in the field!
If you really desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Redditfueled Penny Stock Reversing Sydney
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion under the “My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, 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, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
