Stock trading is an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your improvement within the field. We’ll be taking 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 Sydney
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform 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 founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Redditfueled Penny Stock Sydney
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward success. It is possible to create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community and its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, then you could decide to share your trades, verified or otherwise, through screenshots. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts via chatrooms along with email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition into a larger market because they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Redditfueled Penny Stock Sydney
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus 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 look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A purchase on its own from 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, text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Redditfueled Penny Stock Sydney
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what 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. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ stats this could be a problem for those anticipating this level. Redditfueled Penny Stock Sydney
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few other services they provide. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by 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 can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is rarely active, while another may be more online and communicative with their students. Consider 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 the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able select from the products in its online store to carry with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
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 on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Redditfueled Penny Stock Sydney
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services that the platform can provide
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Redditfueled Penny Stock Sydney
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Redditfueled Penny Stock Sydney
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade’ category of the dashboard. It lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified 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 manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting 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 the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 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 all over the world.