Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve found an option that can help you to improve your performance in the industry. 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.
Total Rating: 4.1/5 Best Penny Stock To Buy 2021
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students as well as) giving all users to learn from the losses and wins for the trading industry’s benefit. Best Penny Stock To Buy 2021
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show your worth to a community of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, either verified or not, by taking pictures. Included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity 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 helped to establish Profit.ly as a place of openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of experience. Best Penny Stock To Buy 2021
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and 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 premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for 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 total trading profits. Best Penny Stock To Buy 2021
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders with 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 basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your personal information public. If you’re looking to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders, which could be a problem for those looking forward to this tier. Best Penny Stock To Buy 2021
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms 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 is seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One might be more laid back and not very often active, while another might be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products from its online store to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may use Profit.ly’s array of features to their best advantage to develop their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Best Penny Stock To Buy 2021
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can offer
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep curiosity. Best Penny Stock To Buy 2021
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful in their efforts to avoid losses and be more successful than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Best Penny Stock To Buy 2021
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the ‘My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.