Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your peak. If you find yourself immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will take an in-depth look at Profit.ly is a well-known 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 Stock Advice
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed and accountable, as well as transparent and encouraging each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. 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 but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The concept, he added, served two goals: 1.) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Penny Stock Advice
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed towards achieving achievement. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready 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 offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself an opportunity to make your way to high on the leaderboard. 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. It’s not just a way to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their collective years of expertise. Penny Stock Advice
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $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 moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Advice
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as 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 an extensive base of knowledge of information provided by Superman himself through the 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 previous lessons. In addition you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and 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 costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of many of the features of The Novice package. This plan allows that you can set up an account that is private to share with other associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Penny Stock Advice
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned 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 features of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products 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 other things trading-related, clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members there. One of them may be laid back and less engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to select from the products from its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Penny Stock Advice
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services the platform has to provide
The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Penny Stock Advice
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Penny Stock Advice
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.