Stock trading is a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to return to the point you were at your most productive. If you are immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you in your improvement in the market. We’ll take an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 What Is Penny Stock Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative, transparent, accountable, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts, but also the students and newsletter writers and secondly) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. What Is Penny Stock Trading
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove your worth to a large group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile, and more ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, 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 of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money through their years of expertise. What Is Penny Stock Trading
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. What Is Penny Stock Trading
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get 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 are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re looking to gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. It is in this plan that you can create a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view the statistics of other traders that could be a problem for some who may be eager to try this new tier. What Is Penny Stock Trading
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, where customers can pick from a range of videos created to guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips 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 are probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be laid back and less engaged, while another could be more online and communicative 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 an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use the power of 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 Penny Stock Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have an open mind. What Is Penny Stock Trading
What we mean”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ What Is Penny Stock Trading
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
