Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll take an in-depth 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 Websites
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education 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 cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that was never prior to.” This idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) allowing everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Best Penny Stock Websites
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared toward success. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to demonstrate your worth to a group of traders, as you are also able to use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform 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 wide range of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Best Penny Stock Websites
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: the founder and 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as 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 premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both 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 trading earnings. Best Penny Stock Websites
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from many of the features of the Novice plan. It is in this plan that you can create a private profile to share with other associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for some who may be looking forward to this tier. Best Penny Stock Websites
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed 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 operating their chat room and dealing with the listed members. Some may be laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at managing trading but the experts already know how it works and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Best Penny Stock Websites
Profit.ly’s Pros and Pros and
- Profit.ly’s many 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’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting 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 main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous services that the platform can provide
The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you need to have an open mind. Best Penny Stock Websites
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may be able to find 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 struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Best Penny Stock Websites
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.