The stock market can be a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were your most productive. If you are always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will take a look at Profit.ly, a well-recognized 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 To Buy Right Now
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not 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 appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” This idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) giving all users to gain insight into the losses and wins to benefit the industry of trading. Best Penny Stock To Buy Right Now
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed towards achieving success. You can create an account there for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can opt to post your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market is a stepping stone for small companies to move to a market that is larger as they can access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to 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 against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of knowledge. Best Penny Stock To Buy Right Now
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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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. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Best Penny Stock To Buy Right Now
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket 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 the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features 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 other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Best Penny Stock To Buy Right Now
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating 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 an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few other services they offer. One of them is the online store, where customers can pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be laid back and rarely engaged, while another could be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, however, 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 years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as proficient in managing trading but the experts already know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Best Penny Stock To Buy Right Now
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many 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 be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you should have an open mind. Best Penny Stock To Buy Right Now
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and perform better than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Best Penny Stock To Buy Right Now
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard that lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
