Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your best. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the market. In this review, we’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Was Bitcoin Ever A Penny Stock
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Was Bitcoin Ever A Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared toward success. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show your worth to a group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. 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 other methods to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an avenue for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their combined years of knowledge. Was Bitcoin Ever A Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most prominent gurus 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 this platform: Founder as well as 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 packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Was Bitcoin Ever A Penny Stock
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy 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 featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also gain access to premium research reports and the 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 market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use 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 the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their expertise in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this might be a drawback for some who may be anticipating this level. Was Bitcoin Ever A Penny Stock
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be laid back and not very often active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able select from the products on its store online to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Was Bitcoin Ever A Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many features the platform is able to offer
The Final Verdict is: Is Profit.ly Valued?
If we could think of an answer to this question, it’s yes. But you need to understand 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 should have an open mind. Was Bitcoin Ever A Penny Stock
What we mean”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Was Bitcoin Ever A Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard. It lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.