Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your peak. 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 been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Penny Stock Trading App
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide array of tools and features including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Best Penny Stock Trading App
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward success. You may set up 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 in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to prove value to a community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you may decide to share your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an avenue for small companies to move to a large marketplace as they can access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish 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 most appealing features is the variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their collective years of knowledge. Best Penny Stock Trading App
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Best Penny Stock Trading App
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, daily market updates 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 his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as an 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 your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a problem for those anticipating this level. Best Penny Stock Trading App
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, which includes an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the options of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to select from a variety of videos created to help you understand the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be more laid back and rarely engaged, while another could be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
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! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Best Penny Stock Trading App
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you should have the ability to think with an open heart. Best Penny Stock Trading App
What we are referring to”yes” is that it can be a great learning tool. People who are stuck might discover Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Best Penny Stock Trading App
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the My Trade section of the dashboard. It lets you record 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 the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities left and right.