Stock trading can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to get back to where you were your best. If you are immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you to improve your performance in the market. We’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Daily Penny Stock Picks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those new to trading and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit, but for 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 for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” The idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for all users to gain insight into both the wins and losses for the trading industry’s benefit. Daily Penny Stock Picks
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed towards achieving achievement. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to prove value to a large group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, via pictures. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. Daily Penny Stock Picks
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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 we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Daily Penny Stock Picks
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 to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want 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 plan allows you to use a majority of features from the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this might be a drawback for those who are eager to try this new tier. Daily Penny Stock Picks
Pro Plan
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 when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they offer. One of those is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is not very often active, while another may be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide 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 it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the risky mix that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Daily Penny Stock Picks
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have an open mind. Daily Penny Stock Picks
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful as they do their best to avoid loss and perform better than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Daily Penny Stock Picks
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.
