The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were at your best. If you’re immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the industry. In this review, we’ll be taking the time to 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
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that has never been done before.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts and newsletter authors and students and secondly) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Energy
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving achievement. You may set up an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not just a way to prove value to a large group of traders, as you are also able to use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may decide to share your trades, verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile as well as other ways to interact with your experts through the chatroom along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-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 avenue for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their collective years of knowledge. Penny Stock Energy
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Penny Stock Energy
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, daily market updates in real time, and 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 a knowledgeable 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 weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging 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, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a problem for some who may be anticipating this level. Penny Stock Energy
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the members. One of them may be more laid back and not very often active, while another might be more active and in touch with their students. 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 cater to an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that this 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 equally suited to those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know how it works along with the stack full of risks associated with it. It is ideal to utilize 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 short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Penny Stock Energy
Profit.ly’s Pros and Cons
- 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 and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the many services the platform has to provide
The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you should have curiosity. Penny Stock Energy
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Penny Stock Energy
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are 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 in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.