Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you’re immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll take an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Yahoo Penny Stock News
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users 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 encouraging each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers, and 2) giving everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Yahoo Penny Stock News
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor 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’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show value to a community of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of expertise. Yahoo Penny Stock News
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder and penny stock trader 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts as well as unlimited access to an extensive 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 swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Yahoo Penny Stock News
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they’ll 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 provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish using 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 chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by 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 have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders, which could be a problem for those looking forward to this tier. Yahoo Penny Stock News
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of those is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all 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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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a area where experts and 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 rarely engaged, while another could be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and members. Additionally, they can select from the products from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Yahoo Penny Stock News
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have curiosity. Yahoo Penny Stock News
What we mean”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s array of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Yahoo Penny Stock News
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
