Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be extremely difficult to get back to where you were at your peak. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement in the market. This review will take an in-depth look at Profit.ly, a well-recognized 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 How To Find A Good Penny Stock
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people new to trading and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus, but also the students and newsletter writers, and 2) allowing all users to learn from both losses and wins to benefit the industry of trading. How To Find A Good Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared toward success. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove value to a community of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may opt to post your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as 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, earned more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, 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 learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. How To Find A Good Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. How To Find A Good Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get access to premium research reports 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 your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to 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 beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of many of the features of The Novice package. It is in this plan that you are able to create an account that is private to share with other associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which might be a drawback for some who may be anticipating this level. How To Find A Good Penny Stock
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give 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 tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can select from a variety of videos created to provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and not very often active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best 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. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. How To Find A Good Penny Stock
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 communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. How To Find A Good Penny Stock
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ How To Find A Good Penny Stock
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the My Trade category on the dashboard. It lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.