The stock market can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth within the field. We’ll 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.
Overall Rating: 4.1/5 Best Penny Stock On Robinhood 2021
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Best Penny Stock On Robinhood 2021
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed towards achieving achievement. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to prove your worth to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can decide to share your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile and other methods to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet 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 less than $5 per share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial profits through their years of experience. Best Penny Stock On Robinhood 2021
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with 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 profits. Best Penny Stock On Robinhood 2021
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades 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’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you do want to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Best Penny Stock On Robinhood 2021
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the options 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 your own private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is 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 provide. One of them is the online store, which lets users choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to develop 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-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Best Penny Stock On Robinhood 2021
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you should have the ability to think with an open heart. Best Penny Stock On Robinhood 2021
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Best Penny Stock On Robinhood 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard. It allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being 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 app version works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.