Stock trading is a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you are always in the mud You will need to realize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an option that can help you in your improvement in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized all-in-one 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 Whats A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” The idea was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Whats A Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to show that you’re worthy to the large group of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, via pictures. In Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with 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 has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings 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 the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Whats A Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 he began as a trader, Superman has amassed over $5.5 million in trading earnings. Whats A Penny Stock
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. In this plan, that you can set up an account that is private to share with other associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Whats A Penny Stock
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to 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. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that this is a high stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Whats A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
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 intended to be created in this way. Instead, it is best to keep curiosity. Whats A Penny Stock
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s array of resources useful as they do their best to avoid loss and perform better than before. Not only poor traders that can benefit from this 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 learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Whats A Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.