Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your best. If you are constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll take an in-depth 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.
Overall Rating: 4.1/5 When To Sell A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informed responsible, transparent, and uplifting with each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are starting out 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 array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades 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 transactions are legitimate and will not allow for fraud as much as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students and secondly) making it possible for everyone on the platform to learn from the losses and wins to benefit the industry of trading. When To Sell A Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to prove value to a community of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could decide to share your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts through the chatroom 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 guru who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial profits from their combined years of experience. When To Sell A Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as 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 version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “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 when he first started trading, Superman has amassed over $5.5 million in trading profits. When To Sell A Penny Stock
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, 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 make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign up for this package you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up a private profile to share with other associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics this could be a disadvantage for those looking forward to this tier. When To Sell A Penny Stock
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos 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 range of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be laid back and rarely active, while another may be more active and in touch to their pupils. 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 an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice from the in-house experts and members. They’ll also be able choose from the items on its store online for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range 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 utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. When To Sell A Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to make any type of trade, there is 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 simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have curiosity. When To Sell A Penny Stock
What we do mean”yes” is it can be a great learning tool. People who are stuck may be able to find Profit.ly’s range of resources to be helpful in their efforts to avoid losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ When To Sell A Penny Stock
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the “My Trade category on the dashboard which allows you to post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.
