Stock trading can be an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your peak. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. This review will take the time to 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.
Overall Rating: 4.1/5 Penny Stock Blogs
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” This idea, he added, served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Penny Stock Blogs
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account at no cost, however you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to prove value to a group of traders, as you can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus via chatrooms 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 his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of expertise. Penny Stock Blogs
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this 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 look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate 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 and the mobile app that’s available on iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Blogs
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge 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 lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get 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 looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. In this plan, that you can create an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop 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’ stats, which could be a disadvantage for those who are looking forward to this tier. Penny Stock Blogs
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users select from a variety of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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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 the concept of the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While novice traders may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman and 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 Blogs
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “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 meant to be designed in this way. Instead, you need to have curiosity. Penny Stock Blogs
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could discover Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock Blogs
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
