The stock market can be an exciting game with high stakes. Some days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your best. If you are always in the mud, you will have 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 sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your improvement within the field. This review will take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Blockchain Penny Stock
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative, transparent, accountable, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept, he added, served two goals: 1.) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Blockchain Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving success. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a community of traders, as you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident 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. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits from their collective years of expertise. Blockchain Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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 look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate 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 app available for iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Blockchain Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. This plan allows that you are able to create a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those eager to try this new tier. Blockchain Penny Stock
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all the features from the two 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. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You may be familiar with chat rooms 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 place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be a laid-back person who is rarely engaged, while another could be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can choose from the items in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Blockchain Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives 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 preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to offer
The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have an open mind. Blockchain Penny Stock
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Blockchain Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade category on the dashboard which lets you record your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know 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 indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market all over the world.