Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your best. If you’re always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Books
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features including 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 people new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” This idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts as well as students and newsletter writers as well as) allowing all users to be enlightened by the losses and wins for the trading industry’s benefit. Penny Stock Books
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to prove that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you can choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and 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 that trades for less than $5 per share. The penny stock market is an avenue for small businesses to transition into a larger market because it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, 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 for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial profits from their collective years of experience. Penny Stock Books
At its peak, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as 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 the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: 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 monthly, it is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Books
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders, which might be a drawback for those eager to try this new tier. Penny Stock Books
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 per month, with 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be laid back and less active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. Additionally, they can choose from the items from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints 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 fun! Those in the trading 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 expertise to other traders as a way to guide them through the ever-illustrious trading process. Penny Stock Books
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow 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 dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you should have curiosity. Penny Stock Books
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Penny Stock Books
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard which lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.