Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified an option that can help you to improve your performance in the market. This review will be taking a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Was Amazon A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and encouraging each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” This idea Sykes said served two goals: 1.) making public records for not just the gurus and newsletter authors and students as well as) making it possible for all users to be enlightened by both the wins and losses to benefit the industry of trading. Was Amazon A Penny Stock
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate value to a group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, by taking pictures. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks is a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Was Amazon A Penny Stock
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 most famous experts were 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 this platform: Founder as well as penny-stock trader 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for 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. Was Amazon A Penny Stock
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans 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 get you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and essential 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 accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that could be a problem for those anticipating this level. Was Amazon A Penny Stock
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve 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 provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of instructional videos that are designed to inform and 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. Some of these include bestsellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be more laid back and less engaged, while another could be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
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 tips from the in-house experts and members. Additionally, they can select from the products on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at managing trading, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Was Amazon A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic 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 diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for most of its users
- If traders decide to make any type of trade, there is 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 ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you should have curiosity. Was Amazon A Penny Stock
What we mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Was Amazon A Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the “My Trade section of the dashboard which allows you to post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from 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 app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
