Stock trading can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were your peak. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 April 2021
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are just beginning their journey as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for communication and trade that help traders from every field of business connect with each other. It offers gurus with 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 then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Best Penny Stock April 2021
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed towards achieving achievement. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group and its gurus. You’re not just allowed to prove your worth 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 comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading is an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing 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 amazing features is the variety of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of expertise. Best Penny Stock April 2021
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as 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. Priced at $149.95 per month, this is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Best Penny Stock April 2021
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats, which could be a problem for those who are anticipating this level. Best Penny Stock April 2021
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 each month with 22% off 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 chance to create your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items from its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Best Penny Stock April 2021
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s 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 out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Best Penny Stock April 2021
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Best Penny Stock April 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
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 works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.