The stock market can be an exciting game with high stakes. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you are always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you to improve your performance in the market. We’ll be taking a look at Profit.ly is a well-known all-in-one 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 Cramer Penny Stock
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 allows traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two objectives: one) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Cramer Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward success. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to show your worth to a large group of traders, as you can also 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’re not comfortable with the idea of sharing information about your account with a brokerage, you can decide to share your trades, verified or otherwise, through pictures. In Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of knowledge. Cramer Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro 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 others. As of this writing, however, only two gurus remain on the platform: the founder of the penny stock market 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 Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both 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 trading profits. Cramer Penny Stock
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get 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 eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus 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 new plan.
Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics that might be a drawback for some who may be anticipating this level. Cramer Penny Stock
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be more laid back and less active, while another might be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products in its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their trading skills. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Cramer Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be 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 for this reason. Instead, it is best to keep the ability to think with an open heart. Cramer Penny Stock
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Cramer Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
