Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to return to where you were at your peak. If you find yourself immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve found a platform that can support you in your growth in the industry. We’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Pot Stock
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form 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 it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers as well as) giving all users to gain insight into the losses and wins to benefit the industry of trading. Penny Pot Stock
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of knowledge. Penny Pot Stock
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Pot Stock
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up a private profile to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those anticipating this level. Penny Pot Stock
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage of The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s array 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 provide live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is rarely active, while another may be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to select from the products on its store online to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Penny Pot Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Penny Pot Stock
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful when they try their best to reduce losses and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Pot Stock
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.