The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance in the industry. In this review, we’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tradeking Penny Stock Fees
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Tradeking Penny Stock Fees
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. It is possible to create an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities 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 You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account, and more ways to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-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 less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as 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 for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, 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 proven to make substantial amounts of money from their collective years of knowledge. Tradeking Penny Stock Fees
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as text, e-mail, 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. It costs $149.95 monthly, it is a great option for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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From “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. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tradeking Penny Stock Fees
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources 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’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those eager to try this new tier. Tradeking Penny Stock Fees
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be more laid back and less active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! 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 navigate them through the ever-changing trading process. Tradeking Penny Stock Fees
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you need to have curiosity. Tradeking Penny Stock Fees
What we mean”yes” is that it can be a great learning tool. Those who may be stuck could discover Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
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 may be a great choice to start.
FAQ Tradeking Penny Stock Fees
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade section of the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using 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 assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.