The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were at your peak. If you find yourself always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement in the industry. This review will be taking 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. 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 Breakout Board
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools 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. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that was never previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Penny Stock Breakout Board
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an avenue for small businesses to transition to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in the high schools, 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 Sykes was given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, 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 sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of expertise. Penny Stock Breakout Board
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most prominent gurus 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 of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is 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 monthly, this is a great option for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Breakout Board
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 stock watchlist that is premarket and the mobile application, 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, plus access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by 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 gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you can create a private profile to share with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Penny Stock Breakout Board
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be laid back and not very often engaged, while another could be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able select from the products from its online store for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Penny Stock Breakout Board
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You will receive excellent training and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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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 would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Penny Stock Breakout Board
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources helpful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Breakout Board
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the My Trade section of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.