Stock trading is an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were at your best. If you’re always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) giving anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward achievement. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial amounts of money from their combined years of expertise. The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality 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 committed to penny stock trading. Pennystocking Silver offers all the essential features of earlier plans including alerts for swing trading and 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 is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which lets users choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other 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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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be a laid-back person who is not very often active, while another may be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products in its online store that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as adept at handling trading matters, the pros already understand how it works and the risky mix that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature 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 similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
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 an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you should have curiosity. The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful when they try 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 is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities left and right.
