Stock trading can be an exciting game with high stakes. On some days, you might have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were your most productive. If you are always in the mud, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the market. We’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Warren Buffett Penny Stock
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) allowing all users to be enlightened by both the wins and losses for the trading industry’s benefit. Warren Buffett Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to 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 on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities 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 that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a large group of traders, as you can also utilize Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may opt to post your trades, verified or not, by taking photographs. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to 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 trader who is famously known for delving his hands into trades in penny stocks. 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 can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At 25 years old Tim Sykes had received 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, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their combined years of experience. Warren Buffett Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase 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, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Warren Buffett Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to use many of the features of the novice plan. In this plan, that you are able to create an account that is private to share with other associates all your insights and knowledge you gain from trader’s community.
The price is $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 however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for those who are anticipating this level. Warren Buffett Penny Stock
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be laid back and rarely active, while another might be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items from its online store for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Warren Buffett Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its users
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep curiosity. Warren Buffett Penny Stock
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Warren Buffett Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.