Stock trading can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your improvement in the industry. This review will be taking an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Total Rating: 4.1/5 Buying Penny Stock Online
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 informative, transparent, accountable, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the students and newsletter writers, and 2) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Buying Penny Stock Online
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving achievement. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the large group of traders. 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 veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as they can access money 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.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their collective years of knowledge. Buying Penny Stock Online
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 most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as 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 most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under 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 all-time trading earnings. Buying Penny Stock Online
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself, via his 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 previous lessons. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
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. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your activities publicly available. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Buying Penny Stock Online
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, where customers can select from a variety of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and less active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Buying Penny Stock Online
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe 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 libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most 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 picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you need to have curiosity. Buying Penny Stock Online
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Buying Penny Stock Online
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are 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 app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
