Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to return to the point you were at your best. If you find yourself immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Redditfueled Penny Stock Reversing
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade that help traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” This idea was, he said, serving two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Redditfueled Penny Stock Reversing
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving success. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and 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 discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove your worth to a community of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, whether verified or not, by taking photographs. In Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia, a 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 an avenue 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’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of expertise. Redditfueled Penny Stock Reversing
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the 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 take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
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 as well as 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. It costs $149.95 per month, this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Redditfueled Penny Stock Reversing
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers 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 make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from many of the features of The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats that might be a drawback for some who may be anticipating this level. Redditfueled Penny Stock Reversing
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, with a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn 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 may be more online and communicative with their students. Consider chatrooms as 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 cater to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know how it works and the risky mix that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Redditfueled Penny Stock Reversing
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of features the platform is able to provide
The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “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 to achieve this goal. Instead, it is best to keep curiosity. Redditfueled Penny Stock Reversing
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Redditfueled Penny Stock Reversing
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple 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 over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.