Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your most productive. 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 occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll take the time to look at Profit.ly A well-respected 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 Trading Site
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and uplifting with one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” 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 writers and students and secondly) allowing all users to be enlightened by the losses and wins for the trading industry’s benefit. Best Penny Stock Trading Site
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed toward the success of their business. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and follow 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 You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate your worth to a community of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, via pictures. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through 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 trading guru who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition into a larger market because they can access funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in 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 just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, 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 proven to make significant amounts of profit from their collective years of experience. Best Penny Stock Trading Site
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is 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 version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-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 Site
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from many of the features of The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those who are looking forward to this tier. Best Penny Stock Trading Site
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the options of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few 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 designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can see it across 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 space where experts and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. One might be a laid-back person who is rarely active, while another may be more online and communicative in their interactions with 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 caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Best Penny Stock Trading Site
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Best Penny Stock Trading Site
What we are referring to”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Best Penny Stock Trading Site
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard which lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.
