Stock trading is an exciting game with high stakes. Some days, you could have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your peak. If you’re immersed in the water it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses 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 world, which is why we’ve found an option that can help you to improve your performance in the market. We’ll 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’S A Good Penny Stock
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was created 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 stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students, and 2) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. What’S 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 there for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group as well as its experts. You’re not just allowed to show value to a community of traders, as you can also use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading classes 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 via chatrooms as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. 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 made use of the show 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 for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of experience. What’S A Good Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included 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: 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase 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; text, e-mail 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. It costs $149.95 monthly, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with 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 earnings. What’S A Good Penny Stock
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist 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 provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package 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’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their expertise in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that could be a problem for those who are eager to try this new tier. What’S A Good Penny Stock
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a real-time place where gurus 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. Some may be more laid back and less active, while another may be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and members. Additionally, they can choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. 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 isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. What’S A Good Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many services that the platform can offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep curiosity. What’S A Good Penny Stock
What we mean”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ What’S A Good Penny Stock
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the “My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.