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, the opposite may happen and it can be extremely difficult to return to where you were your best. If you find yourself constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. This review will be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Less Than Penny Stock Robinhood
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options for communication and trade and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Less Than Penny Stock Robinhood
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving success. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest 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 offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-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 trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a large marketplace 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 is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed 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 to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of knowledge. Less Than Penny Stock Robinhood
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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: 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 take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; texts, emails 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 for a month it is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional 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 total trading profits. Less Than Penny Stock Robinhood
The Superman Alerts plan is an package of vital 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 and the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you can create a private profile to share with other associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Less Than Penny Stock Robinhood
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month with an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, which lets users choose from a wide array of videos created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and learn in real time. Every guru has their own style 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 active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout 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. Additionally, they can choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Less Than Penny Stock Robinhood
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you should have an open mind. Less Than Penny Stock Robinhood
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and be more successful than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Less Than Penny Stock Robinhood
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the My Trade’ category of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities both right and left.