Stock trading is an extremely risky game. On some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were at your best. If you are constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will take an in-depth look at Profit.ly, a well-recognized 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 July 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Best Penny Stock July 2021
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward success. You may set up an account at no cost, however you’re only given 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 and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, via pictures. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as 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 guru who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is a stepping stone for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial profits from their collective years of experience. Best Penny Stock July 2021
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for 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 highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Best Penny Stock July 2021
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re interested in gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Best Penny Stock July 2021
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of the chatrooms 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 cater to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able select from the products on its store online that they can take with them wherever they may be. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Best Penny Stock July 2021
Profit.ly’s Pros and Pros and
The Pros
- 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’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have an open mind. Best Penny Stock July 2021
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Best Penny Stock July 2021
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of 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 users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
