Stock trading can be a high-stakes game. Some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Www Penny Stock Fortunes Com
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 knowledgeable responsible, transparent, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that 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.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” This idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers and secondly) allowing everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Www Penny Stock Fortunes Com
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to 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 go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their collective years of expertise. Www Penny Stock Fortunes Com
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s 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 premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Www Penny Stock Fortunes Com
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers and an 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 field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for 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 call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use 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 other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this could be a problem for those looking forward to this tier. Www Penny Stock Fortunes Com
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given 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 a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be 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 provide. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be laid back and not very often active, while another might be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able choose from the items on its store online for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Www Penny Stock Fortunes Com
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to 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’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you need to have curiosity. Www Penny Stock Fortunes Com
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and perform better than they did before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Www Penny Stock Fortunes Com
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.