Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to return to the point you were at your peak. If you are 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 losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to 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.
Overall Rating: 4.1/5 Penny Stock Artificial Intelligence
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept, he added, served two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students and secondly) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Penny Stock Artificial Intelligence
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed toward success. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at their performance as a trading group as well as its experts. You’re not just allowed to prove value to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile, and more 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 trading guru who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as they can access capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up 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 resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of experience. Penny Stock Artificial Intelligence
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and 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, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Artificial Intelligence
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these 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 just beginning their journey to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading 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 is $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions 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 package allows you to use the majority of features available in the Novice plan. It is in this plan that you can set up a private profile to share with other associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their expertise in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those looking forward to this tier. Penny Stock Artificial Intelligence
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on 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 real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be more laid back and rarely engaged, while another could be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to people who are just beginning. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock Artificial Intelligence
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos 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 credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its users
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the number of services the platform has to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Penny Stock Artificial Intelligence
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders who will 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 learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock Artificial Intelligence
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market left and right.