The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your most productive. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth in the industry. This review will take a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Can A Penny Stock Make You Rich
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Can A Penny Stock Make You Rich
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared towards achieving success. You can create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to high on 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 and its experts. You’re not just allowed to prove your worth to a group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, 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 wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of experience. Can A Penny Stock Make You Rich
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most famous experts were 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. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Can A Penny Stock Make You Rich
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to get an account with this option, 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 a majority of features from the Novice plan. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able view the statistics of other traders that might be a drawback for some who may be looking forward to this tier. Can A Penny Stock Make You Rich
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create a private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be laid back and not very often active, while another might be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can select from the products on its store online that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Can A Penny Stock Make You Rich
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you should have curiosity. Can A Penny Stock Make You Rich
What we do mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful in their efforts to avoid loss and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Can A Penny Stock Make You Rich
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard. It lets you record your trades, either verified or otherwise. There are 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.
- Upload a screenshot 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 likelihood that it can be verified. This is evident by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.