Stock trading can be a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were at your most productive. If you are constantly stuck in the gutter, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the market. This review will 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 Us Suspends Trading In Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Us Suspends Trading In Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account there at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to 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. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or not, via photographs. In Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform 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 amazing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of experience. Us Suspends Trading In Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app 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 most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Us Suspends Trading In Penny Stock
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view the statistics of other traders, which could be a problem for those looking forward to this tier. Us Suspends Trading In Penny Stock
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all features of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips taken 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 array of features and services. You are probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. Some may be a laid-back person who is not very often active, while another might be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Us Suspends Trading In Penny Stock
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 an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Us Suspends Trading In Penny Stock
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful when they try their best to reduce losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Us Suspends Trading In Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade section of the dashboard. It lets you record your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.