The stock market can be an extremely risky game. On certain days, you could have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your best. If you’re always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the market. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized one-stop 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.
Total Rating: 4.1/5 What Is The Best Penny Stock To Invest In Today
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The concept, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter writers and students, and 2) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. What Is The Best Penny Stock To Invest In Today
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you may opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of expertise. What Is The Best Penny Stock To Invest In Today
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own 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 email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. What Is The Best Penny Stock To Invest In Today
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily 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 the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get 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 allows you to take advantage of many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. What Is The Best Penny Stock To Invest In Today
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month and 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of more services it has to offer. One of them is the online store, which lets users choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members can interact and exchange knowledge 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 laid back and not very often active, while another might be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. What Is The Best Penny Stock To Invest In Today
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its users
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of services the platform has to offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. What Is The Best Penny Stock To Invest In Today
What we are referring to”yes” is that it can be a great learning tool. People who are stuck could discover Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ What Is The Best Penny Stock To Invest In Today
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.