Stock trading is an extremely risky game. On some days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your best. If you are always in the mud it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your improvement in the industry. We’ll be taking an in-depth 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.
Total Rating: 4.1/5 What Classifies 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 can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. What Classifies A Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You may set up an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to show that you’re worthy to the group of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or not, via screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place of openness, 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 sweet inclusions is the variety of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial profits through their years of experience. What Classifies A Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, 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. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. What Classifies A Penny Stock
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and email and SMS 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 through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics this could be a disadvantage for those who are eager to try this new tier. What Classifies A Penny Stock
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. With $74.95 each month with 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to pick from a range of video products that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You may be familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is less active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely 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 from its in-house gurus and members. They’ll also be able to select from the products on its store online to carry with them wherever they be. You can also get hands-on experience trading on the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to people who are just beginning. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. What Classifies A Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, 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 screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have curiosity. What Classifies A Penny Stock
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s range of resources to be helpful as they do their best to avoid loss and perform better than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ What Classifies A Penny Stock
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
