Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you’re immersed in the water, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth in the market. We’ll take the time to look at Profit.ly A well-respected 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 Most Promising Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea Sykes said served two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Most Promising Penny Stock
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. It is possible to create an account for free, but you’re only limited to having 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 in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to prove value to a group of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per 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 gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of knowledge. Most Promising Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the prominent experts were 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 the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Most Promising Penny Stock
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, as well as 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 his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs 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 started. The platform offers three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. This plan allows that you can set up an individual profile that allows you to share with other associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which might be a drawback for some who may be anticipating this level. Most Promising Penny Stock
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to select from a variety of instructional videos that are created to help you understand the nuances and pitfalls 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, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and footage of The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be more laid back and 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 to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Most Promising Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, 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 assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Most Promising Penny Stock
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from this 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 learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Most Promising Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in 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 currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.