Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your improvement in the market. In this review, we’ll be taking the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Sheba Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and newsletter authors and students as well as) making it possible for all users to learn from both losses and wins to benefit the industry of trading. Sheba Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed toward the success of their business. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given an opportunity to make 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 glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate your worth to a group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small companies to move to a large marketplace as they can access money from the general 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 through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial profits through their years of expertise. Sheba Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world 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 however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
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 as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Sheba Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also gain 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 industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders, which could be a disadvantage for those anticipating this level. Sheba Penny Stock
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with an additional 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to select from a variety of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a area where experts and members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be more laid back and less active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as adept at managing trading but the experts already know how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Sheba Penny Stock
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 a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Sheba Penny Stock
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Sheba Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard. It allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
