Stock trading is an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll be taking a look at Profit.ly is a well-known 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 Benzinga Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people new to trading and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two objectives: one) making public records for not just the gurus and newsletter authors and students and secondly) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Benzinga Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward success. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to 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 your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to prove value to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, verified or not, via pictures. Included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their collective years of knowledge. Benzinga Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most famous experts included 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s 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 monthly, it is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Benzinga Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that cater to traders of different levels. Let’s break down 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 just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. 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 plan.
Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. This plan allows that you can set up an account that is private for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Benzinga Penny Stock
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, which includes a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact 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. Some may be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products on its store online that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to develop their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies 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 up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Benzinga Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have curiosity. Benzinga Penny Stock
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and be more successful than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good option to begin.
FAQ Benzinga Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high 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 disadvantage of an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.
