Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to where you were at your best. If you’re immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tradeking Penny Stock
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and to build relationships with one another through its wide range of features and tools like chat rooms, trade verification, 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 new to trading and also as a platform for traders with experience to keep track of their performance with the help 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 each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as a social media site akin 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’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus and newsletter authors and students and secondly) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Tradeking Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed toward success. You may set up an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its experts. You’re not just allowed to show your worth to a large group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could opt to post your trades, whether verified or not, via pictures. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Tradeking Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being 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 predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on 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 highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tradeking Penny Stock
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as 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 other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you do want to have access to this feature, you should 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. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their trading skills. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. Tradeking Penny Stock
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create an individual profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading 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 events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in 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 traders, ranging from novices to the most experienced. Given the wide range of options it has to offer it is certain to have 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 enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Tradeking Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Tradeking Penny Stock
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and be more successful 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!
If you really desire to be a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Tradeking Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from 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 are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.