The stock market can be an exciting game with high stakes. On some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you find yourself immersed in the water, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous 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 be taking an in-depth look at Profit.ly, a well-recognized 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 Cheapest Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Cheapest Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a community of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, verified or not, via pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small companies to move into a larger market because it allows them to access funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned significant amounts of profit from their combined years of knowledge. Cheapest Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most prominent 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Cheapest Penny Stock
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will 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 community. As you sign to this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
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; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders this could be a problem for some who may be eager to try this new tier. Cheapest Penny Stock
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s range of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be laid back and not very often active, while another might be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Cheapest Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- 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 individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services that the platform can provide
The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Cheapest Penny Stock
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might find Profit.ly’s array of resources useful as they do their best to avoid loss and perform better than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Cheapest Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard which allows you to post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.