Stock trading is an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were at your peak. If you are immersed in the water, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll take a look at Profit.ly A well-respected 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. 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 Energy Companies
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two goals: 1.) making public records for not just the gurus, but also the students and newsletter writers and secondly) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Penny Stock Energy Companies
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to demonstrate your worth to a community of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a market that is larger as they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their combined years of expertise. Penny Stock Energy Companies
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 the time he started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Energy Companies
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each 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 using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ statistics that could be a problem for those looking forward to this tier. Penny Stock Energy Companies
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be laid back and not very often active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Penny Stock Energy Companies
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Penny Stock Energy Companies
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Energy Companies
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the “My Trade category on the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities left and right.
