Stock trading is an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your best. If you’re immersed in the water You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your improvement in the market. In this review, we’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Ai Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert 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 has never been previously done.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) giving everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Ai Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to 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 review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. 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. You’re not just allowed to demonstrate value to a community of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their collective years of experience. Ai Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Ai Penny Stock
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can do 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 providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able view other traders’ stats, which might be a drawback for those who are anticipating this level. Ai Penny Stock
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products from its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Ai Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services that the platform can provide
The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Ai Penny Stock
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Ai Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.