The stock market can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your peak. If you are always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the market. We’ll be taking a look at Profit.ly is a well-known 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 Investing Penny Stock
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students as well as) giving anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Investing Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs and its gurus. You’re not just allowed to prove value to a group of traders, as you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made significant amounts of profit through their years of knowledge. Investing Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
The following video is 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 the time he started trading, Superman has amassed over $5.5 million in trading profits. Investing Penny Stock
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats this might be a drawback for some who may be anticipating this level. Investing Penny Stock
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are plus the other benefits that you can 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 the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few other services they offer. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and scenes 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 may be familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be more laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process 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 believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at managing trading but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Investing 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, 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 can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Investing Penny Stock
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Investing Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using 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 reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.