Stock trading is an extremely risky game. On some days, you could have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you find yourself always in the mud, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced 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 identified an online platform that will help you to improve your performance in the market. We’ll take a look at Profit.ly, a well-recognized 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 Nasdaq Penny Stock
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. 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 publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never done before.” The concept, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Nasdaq Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed toward achievement. It is possible to create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow 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 join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. Nasdaq Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who 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, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible 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 to iOS and Android devices, email, text 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 package. Priced at $149.95 monthly, this is a great option for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
In “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. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Nasdaq Penny Stock
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ statistics that could be a disadvantage for those eager to try this new tier. Nasdaq Penny Stock
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can choose from a wide array of videos designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage taken from 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 services and features. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be laid back and less active, while another might be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they be. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits 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! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Nasdaq Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep an open mind. Nasdaq Penny Stock
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s array of resources helpful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Nasdaq Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard that lets you record your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.