Stock trading is an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you’re always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your improvement within the field. This review will take a 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 The Best Penny Stock To Buy Today
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students as well as) giving all users to gain insight into both losses and wins for the trading industry’s benefit. The Best Penny Stock To Buy Today
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving success. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show value to a group of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you may opt to post your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, 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 through their years of experience. The Best Penny Stock To Buy Today
At its height, Profit.ly had housed up to five gurus, all of them a professional 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, among a few 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. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as 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 program. Priced at $149.95 monthly, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. The Best Penny Stock To Buy Today
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. Alongside the standard features 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 an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of a majority of features from the Novice plan. This plan allows that you are able to create a private profile to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their trading skills. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ statistics that might be a drawback for those anticipating this level. The Best Penny Stock To Buy Today
This is by far the most premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can pick from a range of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be more laid back and not very often active, while another might be more interactive and online with their students. Think of chatrooms 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 are geared towards the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational 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 members. They’ll also be able to select from the products in its online store for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s array 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 short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. The Best Penny Stock To Buy Today
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you should have the ability to think with an open heart. The Best Penny Stock To Buy Today
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s range of resources to be helpful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ The Best Penny Stock To Buy Today
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard which lets you record your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.