Stock trading is an extremely risky game. Some days, you may have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to return to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance within the field. In this review, we’ll be taking a look at Profit.ly, a well-recognized all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Team Penny Stock Reviews
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers and secondly) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Team Penny Stock Reviews
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared at achieving success. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms as well as email and text alerts as well as 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, a penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward people who are brand 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 sweet inclusions is the vast array of education resources, 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 earned significant amounts of profit from their combined years of experience. Team Penny Stock Reviews
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus 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 as well as penny-stock trader 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for 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 highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 the time he started trading, Superman has amassed over $5.5 million in trading earnings. Team Penny Stock Reviews
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also have the ability to access premium reports on research and 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 resources to help you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. Team Penny Stock Reviews
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, which includes 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they offer. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One of them may be more laid back and less active, while another may be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Team Penny Stock Reviews
Profit.ly’s Pros and Pros and
- 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 get to be taught by experts and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed 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 the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the number of services that the platform can 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’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Team Penny Stock Reviews
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Team Penny Stock Reviews
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.