Stock trading can be an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your best. If you are always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve identified an option that can help you in your improvement in the industry. This review will take an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Mr Pennis 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 enables traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The concept, he added, served two purposes: 1) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) allowing anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Mr Pennis Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and follow the actions 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 sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to demonstrate value to a large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Mr Pennis Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most 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 the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Mr Pennis Profitly
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “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 through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do 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 providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics that might be a drawback for those anticipating this level. Mr Pennis Profitly
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of video products created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One might be more laid back and rarely engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able select from the products on its store online that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Mr Pennis Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Mr Pennis Profitly
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Mr Pennis Profitly
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from 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 is authentic or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.
