Stock trading is a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to return to where you were your best. If you are constantly stuck in the gutter it is important to recognize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly A well-respected 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 How To Trade Penny Stock
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication 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 to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The idea Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) giving everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. How To Trade Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not just a way to demonstrate value to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may opt to post your trades, verified or not, via screenshots. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
Meet 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 the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, 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 proven to make significant amounts of profit from their combined years of experience. How To Trade Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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 we’ll take a 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 through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
The following video is 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. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. How To Trade Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail 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 through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of the novice plan. This plan allows that you are able to create a private profile to share with other associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this could be a disadvantage for those who are looking forward to this tier. How To Trade Penny Stock
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be more laid back and rarely active, while another might be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at managing trading, the pros already understand how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to improve their skills in trading. Like novices, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. How To Trade Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable 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 variety of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can offer
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. How To Trade Penny Stock
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to reduce loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ How To Trade Penny Stock
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.