Stock trading is an extremely risky game. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were at your peak. If you’re immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered an option that can help you to improve your performance in the industry. In this review, we’ll take the time to look at Profit.ly is a well-known all-in-one social platform for trading!
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 Commission
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Penny Stock Commission
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared at achieving the success of their business. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking 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 that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at how the community of traders performs and its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account, and more ways to interact with your experts through 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 trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place for openness, 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 vast array of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. Penny Stock Commission
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most prominent 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Penny Stock Commission
The Superman Alerts plan is an offering of essential features and alerts on trading 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 application, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. It is in this plan that you can set up an account that is private to share with other associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this might be a drawback for those looking forward to this tier. Penny Stock Commission
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. 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
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from 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 range of features and services. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style in running their chat rooms 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 active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited to people who are just beginning. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works along with the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stock Commission
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Penny Stock Commission
What we are referring to”yes” is it can be a great learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Penny Stock Commission
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the My Trade section of the dashboard that lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.