The stock market can be an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your peak. If you are always in the mud You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous 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. In this review, we’ll take the time to look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Was Amazon Ever A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading 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 using the aid of advanced analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created 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 for Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Was Amazon Ever A Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not just a way to demonstrate value to a group of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or not, by taking pictures. Included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Was Amazon Ever A 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Was Amazon Ever A Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a 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 at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their trading skills. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a problem for those who are anticipating this level. Was Amazon Ever A Penny Stock
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features from the two prior plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few other services they provide. One of them is the online store, where customers can select from a variety of video products created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be laid back and less engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational 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 in its online store that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Was Amazon Ever A Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication 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 live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Was Amazon Ever A Penny Stock
What we mean”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Was Amazon Ever A Penny Stock
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
