The stock market can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve identified an option that can help you to improve your performance in the market. This review will take an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Penny Stock Books
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed and accountable, as well as transparent and encouraging each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving all users to gain insight into the losses and wins to benefit the industry of trading. Best Penny Stock Books
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow 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, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at their performance as a trading group as well as its experts. You’re not just allowed to prove value to a large group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits through their years of knowledge. Best Penny Stock Books
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: the 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 provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Best Penny Stock Books
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the 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 world of trading. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, 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 simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders that could be a problem for those anticipating this level. Best Penny Stock Books
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all the features of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of other services they offer. One of them is the online store, which lets users select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One might be more laid back and less active, while another might be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able select from the products in its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. 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. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Best Penny Stock Books
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Best Penny Stock Books
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Best Penny Stock Books
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard. It lets you record your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.