Stock trading can be an extremely risky 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 may sometimes be extremely difficult to return to where you were your best. If you are immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your growth in the market. This review will take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Investing In Penny Stock
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use 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 one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus as well as students and newsletter writers as well as) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Investing In Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward achievement. You can create an account there for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, by taking pictures. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia 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 avenue for small-scale businesses to make the transition to a large marketplace as they can access capital from the 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 experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it 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 helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Investing In Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Investing In Penny Stock
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their expertise in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a problem for those looking forward to this tier. Investing In Penny Stock
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users select from a variety of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One of them may be laid back and less active, while another may be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products on its store online to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited to the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Investing In Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and insights from its 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 as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services that the platform can provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
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 scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have curiosity. Investing In Penny Stock
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Investing In Penny Stock
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the My Trade category on the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.