Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Options
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter authors and students and secondly) allowing all users to be enlightened by both the wins and losses to the benefit of the trading industry. Best Penny Stock Options
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account on the site for free, but you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show value to a community of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to interact with your experts 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 delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small businesses to transition to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform 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 most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. Best Penny Stock Options
At its peak, Profit.ly had housed up to five gurus. Each 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 as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as 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 most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional 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 profits. Best Penny Stock Options
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. 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’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you can create an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Best Penny Stock Options
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of 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 in Profit.ly it’s seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be laid back and rarely active, while another may be more online and communicative to their pupils. Think of chat rooms 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 cater to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products from its online store to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Best Penny Stock Options
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you should have curiosity. Best Penny Stock Options
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Best Penny Stock Options
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the My Trade section of 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 then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re 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.