Stock trading can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll be taking a 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.
Total Rating: 4.1/5 Penny Stock Craze At Boiling Point
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) allowing anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Craze At Boiling Point
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. You can create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to show your worth to a group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, via photographs. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into 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 could be viewed as a stepping stone for small companies to move into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings 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 took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Penny Stock Craze At Boiling Point
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Craze At Boiling Point
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders of 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 world. Once you have signed up for this plan you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you can set up a private profile to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you will not be able view the statistics of other traders, which could be a problem for some who may be anticipating this level. Penny Stock Craze At Boiling Point
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they provide. One of those is its online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the ins and outs of trading. The products listed 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 from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Penny Stock Craze At Boiling Point
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many services that the platform can provide
The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Penny Stock Craze At Boiling Point
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources helpful in their efforts to avoid loss and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Craze At Boiling Point
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the My Trade’ category of the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the 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
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.