Stock trading can be an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were at your most productive. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Jim Cramer Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students as well as) allowing anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Jim Cramer Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a community of traders, but you can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can opt to post your trades, either verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of expertise. Jim Cramer Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $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 purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Jim Cramer Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready 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. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets users to benefit from many of the features of The Novice package. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics that might be a drawback for those anticipating this level. Jim Cramer Penny Stock
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and 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. Some may be a laid-back person who is less engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for 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. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to select from the products on its store online to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand how it works along with the plethora of risks that come with it. In the ideal scenario, they can 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 top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Jim Cramer Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Jim Cramer Penny Stock
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than they did before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Jim Cramer Penny Stock
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the My Trade section of the dashboard that allows you to post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.