Stock trading can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your peak. If you are constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your growth within the field. We’ll take a look at Profit.ly A well-respected 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 Upcoming Penny Stock Mergers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never done before.” The concept was, he said, serving two goals: 1.) making public records for not just the gurus, but also the newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Upcoming Penny Stock Mergers
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared towards achieving success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts via chatrooms as well as 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 guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff 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 through their years of knowledge. Upcoming Penny Stock Mergers
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ 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, as well as the mobile app that’s available to iOS and 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 premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Upcoming Penny Stock Mergers
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of the Novice plan. This plan allows that you can set up an individual profile that allows you to share with other associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their skills in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able view other traders’ statistics this might be a drawback for those who are looking forward to this tier. Upcoming Penny Stock Mergers
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, with a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which lets users pick from a range of video products created to guide you through the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your 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 about penny stocking, short stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be more laid back and less active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Upcoming Penny Stock Mergers
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, it is best to keep an open mind. Upcoming Penny Stock Mergers
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Upcoming Penny Stock Mergers
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. 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 the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.
