Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your most productive. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the market. In this review, we’ll take a 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.
Overall Rating: 4.1/5 Best Penny Stock Brokers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
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 starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students, and 2) giving everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Best Penny Stock Brokers
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed at achieving success. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom 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 trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Best Penny Stock Brokers
At its height, 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 famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices; texts, emails 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 version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Best Penny Stock Brokers
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this package you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their expertise in trading. 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 that could be a problem for those looking forward to this tier. Best Penny Stock Brokers
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the 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 trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can select from the products on its store online for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. While novice traders may not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Best Penny Stock Brokers
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep curiosity. Best Penny Stock Brokers
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Best Penny Stock Brokers
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.
