Stock trading is a high-stakes game. On certain days, you could have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your most productive. If you’re always in the mud, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified an option that can help you in your growth in the market. This review will take the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Penny Stock Exempt
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea, he added, served two goals: 1.) creating public track records for not just the gurus, but also the newsletter writers and students as well as) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Penny Stock Exempt
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see 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 easy: create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to show value to a group of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. When he was 25 years old, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their collective years of experience. Penny Stock Exempt
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Exempt
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll 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. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by 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 gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Penny Stock Exempt
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month with an additional 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the option of creating a private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes taken 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 array of services and features. You may be familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be laid back and not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the 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. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Penny Stock Exempt
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Penny Stock Exempt
What we mean”yes” is that it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources to be helpful in their efforts to reduce loss and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Penny Stock Exempt
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the ‘My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot 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 the chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.