The stock market can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. We’ll take an in-depth look at Profit.ly A well-respected one-stop 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 Stock Broker For Penny Stocks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Best Stock Broker For Penny Stocks
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving success. It is possible to create an account for free, but you’re only given the capability to browse the leaderboards and monitor 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 will need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to demonstrate your worth to a large group of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with notifications via email or text as well as 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 involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity 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 played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of knowledge. Best Stock Broker For Penny Stocks
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s 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 stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Best Stock Broker For Penny Stocks
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look 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 have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this might be a drawback for those who are anticipating this level. Best Stock Broker For Penny Stocks
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, and an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be laid back and rarely active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a high-stakes game that should not be viewed 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 those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know how it works along with the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Best Stock Broker For Penny Stocks
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you should have curiosity. Best Stock Broker For Penny Stocks
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Best Stock Broker For Penny Stocks
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot 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’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on 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 to help one another grow and learn more about acquiring stock market opportunities all over the world.
