Stock trading is an extremely risky game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were your peak. If you’re immersed in the water You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the market. This review will take the time to 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.
Total Rating: 4.1/5 Free Penny Stock Screener
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his 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 previously done.” The concept was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) allowing anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Free Penny Stock Screener
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You may set up an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom as well as notifications via email or text as well as 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market is an avenue for small companies to move to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show 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 to establish Profit.ly as a place of openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions 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 trading experts who have proven to make significant amounts of profit through their years of knowledge. Free Penny Stock Screener
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: the founder and 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 packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has 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 all-time trading earnings. Free Penny Stock Screener
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a disadvantage for those looking forward to this tier. Free Penny Stock Screener
This is by far the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to select from a variety of videos that are designed to educate 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. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be more laid back and rarely active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the risky mix that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Free Penny Stock Screener
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have an open mind. Free Penny Stock Screener
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great option to begin.
FAQ Free Penny Stock Screener
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.