Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you’re always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll be taking 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.
Overall Rating: 4.1/5 Etrade Penny Stock Fees
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Etrade Penny Stock Fees
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed toward achievement. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor 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 will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community and its gurus. You’re not just allowed to demonstrate your worth to a community of traders, but you can also use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts in 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 trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. At the age of 25, he had been given 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 and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against 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 platform’s in-house gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their collective years of experience. Etrade Penny Stock Fees
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to 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. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones 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 he began as a trader, Superman has amassed over $5.5 million in trading profits. Etrade Penny Stock Fees
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally, you’ll also get the ability to access premium reports on research and the 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 industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows 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 this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those who are anticipating this level. Etrade Penny Stock Fees
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month with a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be more laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to select from the products in its online store for them to take wherever they go. They can also gain hands-on experiences from trading within the platform, however they’ll realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at similar levels to Superman or 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. Etrade Penny Stock Fees
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have an open mind. Etrade Penny Stock Fees
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you really want to become more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Etrade Penny Stock Fees
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.