Stock trading is a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your best. If you’re always in the mud it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 What Is A Good Penny Stock To Invest In
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 all levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those new to trading and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. What Is A Good Penny Stock To Invest In
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can opt to post your trades, verified or not, via pictures. In Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom in addition to 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 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 stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small companies to move to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of experience. What Is A Good Penny Stock To Invest In
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; texts, emails 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. It costs $149.95 for a month this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. What Is A Good Penny Stock To Invest In
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary 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 that is provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which might be a drawback for some who may be anticipating this level. What Is A Good Penny Stock To Invest In
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be more laid back and rarely active, while another might be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. What Is A Good Penny Stock To Invest In
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 a wealth of education tools, communication, and trading tools
- You’ll receive excellent training 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 with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have curiosity. What Is A Good Penny Stock To Invest In
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful when they try their best to reduce losses and perform better than before. Not only struggling traders who will benefit from this 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 peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ What Is A Good Penny Stock To Invest In
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
