The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were at your best. If you find yourself always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you in your growth in the industry. This review will take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Apps For Penny Stock Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those new to trading and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” This idea, he added, served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Best Apps For Penny Stock Trading
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared toward achievement. You can create an account for free, but you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of expertise. Best Apps For Penny Stock Trading
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche 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, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each 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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Best Apps For Penny Stock Trading
The Superman Alerts plan 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 premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you can create a private profile to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for those who are looking forward to this tier. Best Apps For Penny Stock Trading
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month which includes an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be laid back and less active, while another may be more active and in touch to their pupils. Think of the chat rooms like 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 an array of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week 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 for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at handling trading matters but the experts already know how it works and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Best Apps For Penny Stock Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Best Apps For Penny Stock Trading
What we mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser loss and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Best Apps For Penny Stock Trading
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s dishonest in posting 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 and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people 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 help each other grow and learn more about acquiring opportunities on the stock market all over the world.
