Stock trading can be a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the industry. This review will be taking an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Amazon Penny Stock
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Amazon Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward achievement. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, verified or otherwise, through photographs. 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 interact with your experts in the chatroom, along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money through their years of expertise. Amazon Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were 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: 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible 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, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Amazon Penny Stock
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market updates in real time, and 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 provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs 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 get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed to this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders this could be a problem for some who may be looking forward to this tier. Amazon Penny Stock
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with 22% off for billing annually This plan offers it all. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One might be laid back and not very often 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 essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may be. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as adept at managing trading, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Amazon Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Amazon Penny Stock
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Amazon Penny Stock
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the My Trade section of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re 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 left and right.