Stock trading is a high-stakes game. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement within the field. We’ll be taking a 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.
Overall Rating: 4.1/5 A Good 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 enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
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 trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” The idea, he added, served two purposes: 1) making public records for not just the gurus, but also the newsletter authors and students as well as) allowing all users to gain insight into both the wins and losses for the trading industry’s benefit. A Good Penny Stock
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared at achieving achievement. It is possible to create an account there for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to show that you’re worthy to the group of traders, but you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as 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 involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of expertise. A Good Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader 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 offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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The following video is from “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 when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. A Good Penny Stock
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you can set up a private profile to share with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their trading skills. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics this might be a drawback for those who are eager to try this new tier. A Good Penny Stock
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One of them may be a laid-back person who is less active, while another might be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able choose from the items in its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with managing trading but the experts already know how it works and the risky mix that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” 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 on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. A Good Penny Stock
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 a wealth of education tools, communication, and trading tools
- You get to be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have an open mind. A Good Penny Stock
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and perform better than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ A Good Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
