The stock market can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring loss 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 trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Beat Penny Stock
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter authors and students, and 2) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Beat Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving success. You can create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account then you could opt to post your trades, either verified or not, by taking screenshots. In Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile, and more ways to connect with your gurus via chatrooms along with 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 is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Beat Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: the 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 packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
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 and Android devices, email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for 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. Beat Penny Stock
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates 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 and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you do want to get access to this feature, stay tuned as we introduce 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. In this plan, that you can set up a private profile to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able view the statistics of other traders that might be a drawback for those who are looking forward to this tier. Beat Penny Stock
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and in dealing with the members. Some may be more laid back and less active, while another might be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they be. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at dealing with trading issues, 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 array of features to their full advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Beat Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, 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 screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Beat Penny Stock
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Beat Penny Stock
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the My Trade’ category of the dashboard that allows you to post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk 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 detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.