Stock trading is a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your most productive. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing 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 found an option that can help you in your improvement in the industry. In this review, we’ll take the time to 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. 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 Analysis
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded 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 magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Penny Stock Analysis
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward the success of their business. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and observe the activities 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 You’ll need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove value to a community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an avenue for small companies to move to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Penny Stock Analysis
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll 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 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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Analysis
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 access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
The film “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 Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting 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, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an account that is private to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics this could be a problem for those looking forward to this tier. Penny Stock Analysis
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be more laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the plethora of risks associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints 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 enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Analysis
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 an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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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’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Penny Stock Analysis
What we are referring to”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful in their efforts to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Analysis
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between 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
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities left and right.