Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you’re immersed in the water, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve discovered a platform that can support you in your growth within the field. This review will be taking an in-depth 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 Screener Settings
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 informative responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was created 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 appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) giving everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Best Penny Stock Screener Settings
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed toward the success of their business. It is possible to create an account for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t 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 offerings, which we will discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, either verified or not, by taking pictures. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts 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 trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to establish 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 of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have made significant amounts of profit from their collective years of knowledge. Best Penny Stock Screener Settings
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Best Penny Stock Screener Settings
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders, which could be a problem for those anticipating this level. Best Penny Stock Screener Settings
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Best Penny Stock Screener Settings
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you need to have curiosity. Best Penny Stock Screener Settings
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ Best Penny Stock Screener Settings
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
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 assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
