Stock trading can be an extremely risky game. On certain days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your best. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth within the field. In this review, we’ll be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Humble Penny Stock
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent like 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 transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Humble Penny Stock
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, by taking pictures. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits from their collective years of experience. Humble Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, 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 we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as 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 most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Humble Penny Stock
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also gain 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 make a mark on the industry, 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 of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign to this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even texting 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, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows users to benefit from a majority of features from the Novice plan. In this plan, that you can set up a private profile to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats, which could be a problem for some who may be eager to try this new tier. Humble Penny Stock
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since 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 place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. Some may be more laid back and less active, while another may be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items on its store online for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that the process is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their best 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-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Humble Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Humble Penny Stock
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Humble Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can see who’s 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 most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.