Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Penny Stock Ai
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools 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 functions as a learning and training platform for those new to trading and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never prior to.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Penny Stock Ai
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not just a way to prove value to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, verified or otherwise, through screenshots. 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 interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete through 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 in-house experts of the platform. Gurus are referred to the trading experts who have made substantial profits from their combined years of expertise. Penny Stock Ai
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. 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, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Ai
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders at 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 entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders this might be a drawback for those looking forward to this tier. Penny Stock Ai
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month with an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of more services it has to provide. 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 guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and 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 included in Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be laid back and rarely active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. Additionally, they can choose from the items 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, but eventually they’ll be able to realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Penny Stock Ai
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users will immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Penny Stock Ai
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s variety of resources useful in their efforts to avoid loss and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Ai
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting 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 and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
