Stock trading can be a high-stakes game. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you are always in the mud You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Gold Mining Penny Stock
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of 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 for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Gold Mining Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You can create an account on the site for free, but you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing 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, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of experience. Gold Mining Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. 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 this 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use 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 application that is available for 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. At $149.95 per month, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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 trading earnings. Gold Mining Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information 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 lessons, including the growing collection of the previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in 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 knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to see the statistics of other traders that could be a problem for some who may be eager to try this new tier. Gold Mining Penny Stock
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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 messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as adept at 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 range of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Gold Mining Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting 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 main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades 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 features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. Gold Mining Penny Stock
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Gold Mining Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the My Trade category on the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.