The stock market can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to return to the point you were at your most productive. If you’re constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s 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 is a well-known 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 Online Penny Stock Trading Free
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that has never been previously done.” This idea, he added, served two objectives: one) keeping track of public data for not just the gurus and newsletter authors and students, and 2) allowing all users to learn from both losses and wins to benefit the industry of trading. Online Penny Stock Trading Free
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward the success of their business. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not just a way to show your worth to a large group of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can choose to publish your trades, verified or not, via photographs. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account and other methods to connect 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 famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and 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 openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their combined years of expertise. Online Penny Stock Trading Free
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 famous gurus included 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict 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 to iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Online Penny Stock Trading Free
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform has 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.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Online Penny Stock Trading Free
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, and an additional 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they offer. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you can see it across messaging and social platforms, in addition to a few special 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 exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters but the experts already know the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Online Penny Stock Trading Free
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, 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 accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you need to have curiosity. Online Penny Stock Trading Free
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser loss and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Online Penny Stock Trading Free
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard that allows you to post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- 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 import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.
