The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were your best. If you are always in the mud it is important to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the market. In this review, we’ll take the time to 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. 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 Breaking News
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The idea, he added, served two goals: 1.) making public records for not just the gurus and newsletter writers and students as well as) making it possible for everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Penny Stock Breaking News
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward achievement. You can create an account for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to demonstrate your worth to a community of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or not, by taking pictures. In Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to email and text alerts 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 delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small businesses to transition into a larger market because they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money through their years of expertise. Penny Stock Breaking News
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most prominent 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Breaking News
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their expertise in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats that could be a problem for those anticipating this level. Penny Stock Breaking News
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be 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 provide. One of these is its online store, which lets users pick from a range of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Penny Stock Breaking News
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have an open mind. Penny Stock Breaking News
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Breaking News
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the “My Trade section of the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, 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 working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.