Stock trading can be a high-stakes game. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring 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 trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Td Ameritrade Penny Stock Fees
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are starting out and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never previously done.” The concept was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) giving everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Td Ameritrade Penny Stock Fees
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed toward achievement. You may set up an account there for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, whether verified or not, via pictures. Included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move to a large marketplace as they can access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of experience. Td Ameritrade Penny Stock Fees
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast 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, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Td Ameritrade Penny Stock Fees
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, 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 keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights 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 improve their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for those looking forward to this tier. Td Ameritrade Penny Stock Fees
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, which includes an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips 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 services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their 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 members. Some may be more laid back and less engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a risky 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 to the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Td Ameritrade Penny Stock Fees
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call 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 core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you need to have an open mind. Td Ameritrade Penny Stock Fees
What we mean”yes” is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Td Ameritrade Penny Stock Fees
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the ‘My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your 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 fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on 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 currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.