Stock trading is a high-stakes game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you to improve your performance in the market. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Robinhood Penny Stock Picks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative responsible, transparent, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers and secondly) giving all users to be enlightened by both losses and wins for the trading industry’s benefit. Robinhood Penny Stock Picks
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving achievement. You can create an account on the site for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to prove your worth to a group of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account and other methods to connect with your gurus through the chatroom in addition to 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 is well-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 can be seen as an opportunity for small-scale businesses to make the 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 can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. At the age of 25, he had been given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made significant amounts of profit through their years of experience. Robinhood Penny Stock Picks
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released 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 trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Robinhood Penny Stock Picks
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for those who are looking forward to this tier. Robinhood Penny Stock Picks
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month with 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Robinhood Penny Stock Picks
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as 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 other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep an open mind. Robinhood Penny Stock Picks
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources helpful as they do their best to avoid losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Robinhood Penny Stock Picks
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the My Trade category on the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
