Stock trading is an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your peak. If you find yourself immersed in the water, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you in your growth within the field. This review will take an in-depth look at Profit.ly A well-respected 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 Is A Good Penny Stock
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people who are starting out as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad range of resources for 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 the platform. Imagine it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow 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 all trades, something that was never done before.” This idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) giving everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. What Is A Good Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed toward success. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb 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 a glimpse of how the community of traders performs and its gurus. You’re not just allowed to demonstrate your worth to a large group of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, verified or not, via photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus via chatrooms 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 personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform 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 amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial profits through their years of knowledge. What Is A Good Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, 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 highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Is A Good Penny Stock
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and 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 provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their expertise in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats, which might be a drawback for some who may be eager to try this new tier. What Is A Good Penny Stock
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month with 22% off for annual billing, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be more laid back and not very often active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week 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 may travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. What Is A Good Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, 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. It wasn’t intended to be created for this reason. Instead, you need to have curiosity. What Is A Good Penny Stock
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ What Is A Good Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.