Stock trading can be an exciting game with high stakes. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your growth within the field. This review will be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Penny Stock Alerts
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
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 trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students and secondly) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Best Penny Stock Alerts
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed toward the success of their business. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show your worth to a community of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can decide to share your trades, verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, in addition to notifications via email or text as well as 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 his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of experience. Best Penny Stock Alerts
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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per 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 possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional 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 name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Best Penny Stock Alerts
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers 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.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package 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 providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their expertise in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats this could be a problem for those who are looking forward to this tier. Best Penny Stock Alerts
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 per month, which includes 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, where customers can choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, 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 tips from the in-house experts and their members. Additionally, they can select from the products from its online store for them to take wherever they may go. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Best Penny Stock Alerts
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Best Penny Stock Alerts
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s array of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Best Penny Stock Alerts
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard. It allows you to 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 into provided spaces and specifics
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on 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, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.