The stock market can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were at your peak. If you’re always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. This review will be taking a 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.
Total Rating: 4.1/5 Penny Stock Bubble
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students as well as) allowing anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Bubble
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving success. You can create an account there for free, but you’re only given 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 to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their combined years of expertise. Penny Stock Bubble
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Bubble
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows users to benefit from 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 information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics this might be a drawback for those who are eager to try this new tier. Penny Stock Bubble
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and a 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on 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.
The chat rooms that are integrated 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 messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their members trade 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. One might be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able select from the products in its online store to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Penny Stock Bubble
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Penny Stock Bubble
What we mean”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Bubble
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard that lets you record your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo 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 is the chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via 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 are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.