The stock market can be an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the market. We’ll take an in-depth look at Profit.ly A well-respected one-stop 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.
Overall Rating: 4.1/5 Penny Stock Exchange
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Penny Stock Exchange
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You can create an account there for free, but you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. You’re not just allowed to prove your worth to a large group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, verified or otherwise, through screenshots. In Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market is a stepping stone 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 can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit through their years of knowledge. Penny Stock Exchange
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous 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 the platform: the founder as well as 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 the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has 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 trading profits. Penny Stock Exchange
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able to view the statistics of other traders, which might be a drawback for those anticipating this level. Penny Stock Exchange
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, with 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users pick from a range of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. Some may be more laid back and rarely active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items in its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Exchange
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You get to 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 guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from 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 as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Penny Stock Exchange
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources helpful as they do their best to reduce losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Exchange
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the ‘My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high 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 classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.