Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to get back to the point you were at your most productive. If you’re always in the mud You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. This review will be taking the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Lumber Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students as well as) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Lumber Penny Stock
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared toward the success of their business. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not only a chance to show value to a large group of traders. You are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may decide to share your trades, whether verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, as well as 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 the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market is an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to create 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 openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Lumber Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both 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 total trading earnings. Lumber Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. 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 online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the 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. As you sign up for this package you’ll be provided with a variety of powerful and vital 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 accomplish using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in get 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 package allows you to use a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics that might be a drawback for some who may be looking forward to this tier. Lumber Penny Stock
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and not very often active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can choose from the items in its online store to carry with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works along with the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Lumber Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s the 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 ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many features the platform is able to provide
The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Lumber Penny Stock
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and be more successful than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Lumber Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does 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 works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.