Stock trading can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 Most A Penny Stock Has Gone Up
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers as well as) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. What Is The Most A Penny Stock Has Gone Up
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show value to a group of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, either verified or not, by taking photographs. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus 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 trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits from their collective years of experience. What Is The Most A Penny Stock Has Gone Up
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional 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 trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Is The Most A Penny Stock Has Gone Up
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 access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can accomplish with 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 texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those eager to try this new tier. What Is The Most A Penny Stock Has Gone Up
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, which includes a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be laid back and rarely engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. What Is The Most A Penny Stock Has Gone Up
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, you should have the ability to think with an open heart. What Is The Most A Penny Stock Has Gone Up
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ What Is The Most A Penny Stock Has Gone Up
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard which lets you record your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the probability that it’s 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 disadvantage of an unverified trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market left and right.
