The stock market can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your most productive. If you are always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll take a look at Profit.ly A well-respected 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 Mine Penny Stock
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Mine Penny Stock
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-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 deals that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, verified or not, via screenshots. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. At the age of 25, he had been given greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits through their years of knowledge. Mine Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as 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 most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Mine Penny Stock
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those who are anticipating this level. Mine Penny Stock
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be laid back and not very often engaged, while another could be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Mine Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. Mine Penny Stock
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s range of resources useful when they try their best to incur lesser losses and be more successful than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Mine Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you record your trades that are verified or not. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities left and right.