The stock market can be an exciting game with high stakes. On some days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you are immersed in the water, you will have to realize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Best Penny Stock Advisor
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Best Penny Stock Advisor
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as 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 guru who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The penny stock market is an avenue for small companies to move into a larger market because they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Best Penny Stock Advisor
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
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 and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 the time he started trading, Superman has amassed over $5.5 million in trading profits. Best Penny Stock Advisor
The Superman Alerts package is his 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 and the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify 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, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this could be a disadvantage for those eager to try this new tier. Best Penny Stock Advisor
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, with an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to 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 everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” 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 on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Best Penny Stock Advisor
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons 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 other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Best Penny Stock Advisor
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Best Penny Stock Advisor
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade’ category of the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being fraudulent 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 as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, 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.
