Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were at your best. If you’re always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance 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. 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 That Will Explode
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) giving anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Best Penny Stock That Will Explode
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward the success of their business. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove value to a community of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an avenue for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency 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 amazing features is the vast array of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Best Penny Stock That Will Explode
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate 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 that’s available to iOS as well as Android devices; texts, emails 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. It costs $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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 when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Best Penny Stock That Will Explode
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can set up a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able view the statistics of other traders, which might be a drawback for those who are looking forward to this tier. Best Penny Stock That Will Explode
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, and 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, 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 offers a number of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be more laid back and not very often engaged, while another could be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly 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 be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as proficient in handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Best Penny Stock That Will Explode
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many services that the platform can offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have curiosity. Best Penny Stock That Will Explode
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Best Penny Stock That Will Explode
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.