Stock trading is a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned 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 discovered an online platform that will help you in your growth in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 What Is A Good Penny Stock To Buy Right Now
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and to build relationships with each other by offering a wide range of features and tools such as 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 which serves as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students as well as) giving all users to learn from the losses and wins to the benefit of the trading industry. What Is A Good Penny Stock To Buy Right Now
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You can create an account on the site at no cost, however you’re limited to the capability to browse 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 it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not just a way to prove value to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, verified or otherwise, through pictures. Included 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 connect with your gurus via chatrooms as well as 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 has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small companies to move 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 a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At 25 years old, he had been given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of knowledge. What Is A Good Penny Stock To Buy Right Now
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. What Is A Good Penny Stock To Buy Right Now
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the industry, 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 break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this package you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. What Is A Good Penny Stock To Buy Right Now
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, with 22% off for billing annually, this tier has it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use 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
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to choose from a wide array of videos created to guide you through the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes taken 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 may be familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be laid back and rarely active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products on its store online for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already 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 options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. What Is A Good Penny Stock To Buy Right Now
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as 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 truly is something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. What Is A Good Penny Stock To Buy Right Now
What we mean”yes” is that it can be a great learning tool. People who are stuck might discover Profit.ly’s array of resources helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ What Is A Good Penny Stock To Buy Right Now
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard that lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re 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.