Stock trading can be an extremely risky game. Some days, you could have the benefit of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your peak. If you are always in the mud You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement in the industry. In this review, we’ll be taking an in-depth 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.
Total Rating: 4.1/5 Buying Penny Stock
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders new to trading as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) giving everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Buying Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You can create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard 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 experts. It’s not just a way to show your worth to a large group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of experience. Buying Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who 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 the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Buying Penny Stock
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself, via the 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 other previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping 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 ability to confirm trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can create a private profile to share with other associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics that might be a drawback for some who may be anticipating this level. Buying Penny Stock
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these options, on top of all the 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 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 provides a variety of other services they offer. One of these is its online store, where customers can choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and not very often engaged, while another could be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe 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 handling trading matters, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Buying Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you need to have an open mind. Buying Penny Stock
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Buying Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard. It allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using 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 assist each other to grow and learn more about acquiring stock market opportunities all over the world.