Stock trading is a high-stakes game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance within the field. We’ll take a 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.
Total Rating: 4.1/5 Was Bitcoin 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 allows traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Was Bitcoin A Penny Stock
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed towards achieving achievement. You can create 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 ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, verified or not, via photographs. 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 more ways to communicate with your gurus via chatrooms along with 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 guru who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of knowledge. Was Bitcoin A Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most prominent gurus included 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 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Was Bitcoin A Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those anticipating this level. Was Bitcoin A Penny Stock
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes taken from 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 variety of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also 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 to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading 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 line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Was Bitcoin A Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its 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 with accurate analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Was Bitcoin A Penny Stock
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources helpful in their efforts to avoid loss and perform better than before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Was Bitcoin A Penny Stock
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
