The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to where you were your most productive. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance within the field. This review will take a 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 The Best Penny Stock To Buy
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it the social media equivalent the likes of 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’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was based “on showing all trades, something that was never done before.” The idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. What Is The Best Penny Stock To Buy
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward the success of their business. It is possible to create an account on the site at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus 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.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to prove your worth to a large group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus via chatrooms in addition to 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 personality who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish 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 place of 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 vast array of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of expertise. What Is The Best Penny Stock To Buy
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the prominent 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices; 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 version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. What Is The Best Penny Stock To Buy
The Superman Alerts package is his offering of essential features and trading alerts targeted 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 app, the daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, as well as filter trades; and, lastly, view 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. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to view other traders’ statistics that could be a disadvantage for those eager to try this new tier. What Is The Best Penny Stock To Buy
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they offer. One of those 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. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be more laid back and less engaged, while another could be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, 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-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. What Is The Best Penny Stock To Buy
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. What Is The Best Penny Stock To Buy
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources to be helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ What Is The Best Penny Stock To Buy
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.