The stock market can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were at your peak. If you are constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified 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, 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 How To Penny Stock Trade
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative responsible, transparent, and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades 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 is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) allowing everyone on the platform to learn from both losses and wins to benefit the industry of trading. How To Penny Stock Trade
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You can create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor 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’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders, as you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom along with 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 guru who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of expertise. How To Penny Stock Trade
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, 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 offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. How To Penny Stock Trade
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you can create an account that is private to share with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics that might be a drawback for some who may be looking forward to this tier. How To Penny Stock Trade
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be a laid-back person who is less active, while another might be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from the in-house experts and members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix associated with it. It is ideal to use Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. How To Penny Stock Trade
Profit.ly’s Pros and Pros and
- Profit.ly’s many 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’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be 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 Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have curiosity. How To Penny Stock Trade
What we are referring to”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ How To Penny Stock Trade
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard. It lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.