Stock trading can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth in the market. We’ll be taking the time to look at Profit.ly A well-respected 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. 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 Podcast
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was based “on showing all trades, something that has never been done before.” This idea, he added, served two goals: 1.) making public records for not just the gurus, but also the newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Best Penny Stock Podcast
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not only a chance to prove value to a large group of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Best Penny Stock Podcast
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, 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. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that 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 predict the next possible moves in trading.
A single purchase of 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; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Best Penny Stock Podcast
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information 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 lessonsthat include a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
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 an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ statistics that could be a disadvantage for those who are looking forward to this tier. Best Penny Stock Podcast
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be more laid back and not very often active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. Additionally, they can select from the products in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman as well as 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 Podcast
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include 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 fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Best Penny Stock Podcast
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Best Penny Stock Podcast
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- 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 from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.