Stock trading can be a high-stakes game. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you are always in the mud You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the industry. In this review, we’ll take a look at Profit.ly is a well-known single-stop social platform to trade!
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 Finder
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus and newsletter writers and students and secondly) making it possible for all users to gain insight into both losses and wins to the benefit of the trading industry. Penny Stock Finder
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not only a chance to prove your worth to a community of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, by taking pictures. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Penny Stock Finder
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Finder
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ statistics that might be a drawback for those eager to try this new tier. Penny Stock Finder
This is by far the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, which lets users select from a variety of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members trade and share knowledge 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 may be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues, the pros already understand the way it functions and the risky mix that come with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to improve their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Penny Stock Finder
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for most of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Penny Stock Finder
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be better at trading and wish to be taught by your peers and experts along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Penny Stock Finder
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.