Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to get back to where you were your peak. If you’re immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your improvement within the field. In this review, we’ll take a look at Profit.ly, a well-recognized all-in-one 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 Mr Pennes Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) making public records for everyone, not just the experts, but also the newsletter authors and students and secondly) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Mr Pennes Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving success. You can create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect 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 function, which was mentioned previously was designed to offer its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a large group of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit through their years of knowledge. Mr Pennes Profitly
At its peak, 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 famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: Founder as well as penny-stock trader 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 can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for 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 premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Mr Pennes Profitly
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself through Superman Pro. 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 the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those anticipating this level. Mr Pennes Profitly
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is not very often active, while another might be more active and in touch to their pupils. Consider chat rooms 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 the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Mr Pennes Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Mr Pennes Profitly
What we mean”yes” is it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Mr Pennes Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard which lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.
