Stock trading is a high-stakes game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you’re immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve found an option that can help you in your growth in the market. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Free Penny Stock Trading
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those 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 advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of 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’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never done before.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Free Penny Stock Trading
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward success. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can opt to post your trades, verified or not, by taking screenshots. Included 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 via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of knowledge. Free Penny Stock Trading
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when 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; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Free Penny Stock Trading
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the 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 world. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and, finally, see 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. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in The Novice package. It is in this plan that you can create a private profile to share with other associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you will not be able view other traders’ stats this could be a disadvantage for those eager to try this new tier. Free Penny Stock Trading
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to select from a variety of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be laid back and not very often engaged, while another could 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 best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able select from the products from its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that trading is a high stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Free Penny Stock Trading
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- 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 if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep curiosity. Free Penny Stock Trading
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s array of resources helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Free Penny Stock Trading
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade section of the dashboard. It lets you record your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.