Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to return to the point you were at your most productive. If you are always in the mud, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your improvement in the market. In this review, we’ll be taking a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Best Stock Trading App For Penny Stocks
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people 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. It provides users with a vast variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) allowing all users to learn from both the wins and losses for the trading industry’s benefit. Best Stock Trading App For Penny Stocks
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving success. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
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 to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its experts. You’re not just allowed to show value to a community of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account then you could decide to share your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom as well as 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 personality who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their combined years of expertise. Best Stock Trading App For Penny Stocks
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the prominent gurus included 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 this platform: 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 packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as 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 package. It costs $149.95 monthly, it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to an extensive collection of more than 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 swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Best Stock Trading App For Penny Stocks
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep 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 is the capability to check trades and track profits as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. In this plan, that you can create an individual profile that allows you to share with other associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics that might be a drawback for some who may be anticipating this level. Best Stock Trading App For Penny Stocks
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, which allows users to pick from a range of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos 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 are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Best Stock Trading App For Penny Stocks
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Best Stock Trading App For Penny Stocks
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck might find Profit.ly’s variety of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Best Stock Trading App For Penny Stocks
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market left and right.