Profit Prism is a stock alerts and educational service owned by Jeff Williams. Jeff describes himself as a former New York teacher who was struggling before he made the bold decision to start trading stocks. That was 10 years ago and today, if the statements on his website are anything to go by, he’s a multimillionaire entrepreneur.
Who said that you have to break the bank to make it big in the world of stock trading? Profit Prism by Jeff Williams provides you with an opportunity to start small and grow your investment steadily over time.
What’s more, unlike other stock alert services, the Profit Prism is quite easy to use since it sends out straightforward alerts via SMS and email. Here’s a closer look at the good and bad sides of this service and whether, indeed, it’s worth subscribing to.
About Profit Prism
One thing we like about Profit Prism is that it targets small investors and seeks to make success stories out of them. The system is based on the philosophy of capitalizing on small wins, consolidating them over time and making huge strides with those wins.
A unique characteristic of Jeff Williams is that while everybody else targets the Blue Chip stocks, he instead prefers to work with small stocks. You see, it’s very rare for the big stocks to even move for 10% per year. On the contrary, small stocks can even move for thousands of percentage points within the same period of time.
It’s this kind of potential that Jeff capitalizes on. He simply buys stocks priced for as low as $0.01 and watches them grow. Yup, you read that right.
Let’s go over the services provided on this platform in detail. As you’ll notice, this service doesn’t have lots of bells and whistles. It’s a simple and easy-to-learn system and so you don’t even need a background in finance to grasp it.
1. Chat Room
Profit Prism Trading is home to a vibrant chat room. Quite a few posts are made in this chat room on a daily basis. Most importantly, the discussions made are quite mature and productive.
So, in case you want to get an inside scoop of the markets without having to wait for the usual alerts, all you need to do is hang out in there.
However, we’d emphasize on the need to take suggestions shared by other random chatroom members with a pinch of salt. Until you know who is the pro and who isn’t you’d be risking a lot by taking the kind of stuff shared by different members as the gospel truth.
Overall, the Profit Prism chatroom is a productive platform. You can learn a lot and interact with other likeminded folks. But even then, don’t jump in on trades just because an anonymous tipster suggested it to you.
Fortunately, Jeff and his team are always available to help. They send out alerts regularly and we’d suggest capitalizing on those until you fully build your confidence.
2. Watch Lists
Jeff William’s system provides some above-average quality watch lists. You’ll typically get a handful of stocks to keep an eye on every day.
That way, by combining a bit of technical analysis and news analysis, you’ll have an easier time finding picks. Yet another thing we absolutely love about these watch lists is that they enable you to determine your trading style. That way, you can easily create a trading strategy to suits your risk appetite.
3. Educational Videos
The entire platform is made up of thousands of videos that you can easily refer to. Indeed, Jeff has invested a lot in making this one of the most educative platforms on the net. This is, indeed, a good thing if you’re a new trader and are looking for a friendly environment where you can load up on new skills.
What’s more, new educational content is released every so often. Above all, every bit of content posted here is of high quality and most people looking to get into penny stock trading find it to be of great value.
4. Timely Webinars
Along with the pre-recorded videos, joining Profit Prism ensures that you get access to regular webinars. These webinars are typically organized by Jeff himself or a team of his experienced level trainers. What’s more, the content in these webinars is specially organized to match the training needs of the learner (from beginner sessions to advanced sessions).
Moving on swiftly, these interactive webinars are designed in such a manner that they enable you to interact with the trainers in real-time. You can ask questions and get answers in real-time. How cool is that?
And we must also mention that the guys on this platform are quite good at answering questions raised. They’re not the kind that rushes through the sessions just to get the job done. They do listen to you and respond in a timely and friendly manner.
5. Helpful Alerts
This system provides you with SMS and email alerts. Plus you can opt to be getting those alerts in the chatroom. That way, you never miss an opportunity even when you’re busy doing other stuff.
Yet another thing that stands out about these alerts is just how useful they are. They contain all the details you need to take action. Though brief, they typically contain important buy/sell advice and a bit of thesis behind the idea.
That way, you can enter and exit the markets with confidence even if you’ve not been following news or indicators for most of the day.
Why Join Profit Prism
If you’re considering joining the Profit Prism bandwagon, chances are that you’d like to get some good reasons to justify that decision. You probably are wondering whether or not it makes sense to pay the subscription fee. Here’s what we think.
Although it’s possible to get started on your own and maybe use free trading tools, it can be quite challenging to make any returns in the long-run.
You may make a few profitable trades on your own, but all it typically takes is one huge loss to wipe out all those gains.
As such, your best bet is to work with a team that not only understands the psychology of successful trading but also understand you. They not only alert you on when to open trades but also alert you on when the right time to exit the markets comes.
This way, you’re able to protect your winnings and consolidate your gains over time.
Here’s the deal. Profit Prism will cost you $297 for a 3-month subscription. Although not cheap, it’s much more affordable than other popular platforms out there e.g. Investors Underground costs $297 per month.
We’d definitely recommend Profit Prism to beginners and intermediate traders. It’s a solid platform full of useful data. In our view, it’s a great place if you have a small account that you’d like to grow steadily.
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