The stock market can be an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth in the market. We’ll be taking an in-depth 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. 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
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The concept, he added, served two purposes: 1) creating public track records for everyone, not just the experts and students and newsletter writers and secondly) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. The Best Penny Stock To Buy
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving success. You may set up an account for free, but you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, but you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. Penny stock trading could be viewed as a stepping stone for small companies to move into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of expertise. The Best Penny Stock To Buy
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with 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 predict the next move that is possible when making trades.
A purchase on its own in 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 texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. The Best Penny Stock To Buy
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself via 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 other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater 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, this one won’t be able view other traders’ stats this might be a drawback for some who may be looking forward to this tier. The Best Penny Stock To Buy
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, and a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Think of the 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, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works along with the risky mix associated with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. The Best Penny Stock To Buy
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. The Best Penny Stock To Buy
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great alternative to start.
FAQ The Best Penny Stock To Buy
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade category on the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by 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 possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users 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 via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.