The stock market can be an exciting game with high stakes. On certain days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll be taking an in-depth 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.
Overall Rating: 4.1/5 Penny Stock Forecast
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are starting out as well as a place for traders who are experienced to monitor their performance through the use of advanced 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 gives the gurus worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never previously done.” The idea, he added, served two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Penny Stock Forecast
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account there for free, but you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not only a chance to prove your worth to a community of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking pictures. In Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account and other methods to interact with your experts via chatrooms along with notifications via email or text 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 is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and 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 of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Penny Stock Forecast
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder of the penny stock market 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 Sykes
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast 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 to 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 version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Forecast
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things 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 your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, finally, see the statistics of other traders.
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, thus making your activities publicly available. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. This plan allows that you can set up a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders that could be a problem for some who may be eager to try this new tier. Penny Stock Forecast
This is by far the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is rarely active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items on its store online for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the risky mix that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Forecast
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep curiosity. Penny Stock Forecast
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Forecast
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade category on the dashboard that lets you record your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public 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 on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.