Stock trading can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to return to the point you were at your best. If you’re constantly stuck in the gutter it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance in the industry. In this review, 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. 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 Subscription
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those new to trading as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad range of resources for trade and communication and letting traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two objectives: one) making public records for not just the gurus as well as students and newsletter writers, and 2) allowing all users to learn from both the wins and losses for the trading industry’s benefit. Best Penny Stock Subscription
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 toward the success of their business. It is possible to create an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not only a chance to show that you’re worthy to the group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account you can opt to post your trades, verified or not, by taking photographs. In Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in 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 trader who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading is an avenue for small companies to move to a large marketplace as they can access funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in 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 platform 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 wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned significant amounts of profit from their collective years of knowledge. Best Penny Stock Subscription
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Best Penny Stock Subscription
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in the novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats that could be a problem for those looking forward to this tier. Best Penny Stock Subscription
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own 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 a plan that can serve all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can pick from a range of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips taken from events like 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 array of services and features. You may be familiar with the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be a laid-back person who is not very often engaged, while another could be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Best Penny Stock Subscription
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you should have curiosity. Best Penny Stock Subscription
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s array of resources helpful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Best Penny Stock Subscription
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade category on the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.