The stock market can be an extremely risky game. Some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to where you were at your peak. If you are always in the mud You will need to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement in the industry. This review will take the time to look at Profit.ly is a well-known one-stop 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 App
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like 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’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus, but also the students and newsletter writers, and 2) giving anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Best Penny Stock App
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward achievement. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboard and follow 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 offers, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not only a chance to show value to a community of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, either verified or not, via screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account, 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their combined years of knowledge. Best Penny Stock App
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous gurus 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 look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; 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 highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Best Penny Stock App
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge 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 lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you can set up an account that is private to share with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a problem for those who are looking forward to this tier. Best Penny Stock App
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has it all. 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 your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can choose from a wide array of video products created to provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a real-time space where experts and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able select from the products from its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Best Penny Stock App
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and tips from the internal experts, which include libraries of educational videos and live trading activity.
- 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 on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Best Penny Stock App
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Best Penny Stock App
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.