The stock market can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re immersed in the water, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the market. This review will take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Penny Stock Framework
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter writers and students as well as) allowing anyone on the platform to learn from the losses and wins to benefit the industry of trading. Penny Stock Framework
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to prove your worth to a large group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could opt to post your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account, and more ways to connect with your gurus 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 is famously known for his involvement 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 penny stock market could be viewed as an opportunity for small companies to move into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit through their years of experience. Penny Stock Framework
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Framework
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices 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 given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. This plan allows that you can set up an account that is private to share with other associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able view the statistics of other traders this could be a problem for those who are eager to try this new tier. Penny Stock Framework
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating your own private profile. These two features are plus the other advantages that you can utilize 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 ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can select from a variety of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is not very often active, while another might be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the risky mix that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman or 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 Framework
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts 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 precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy 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 trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- Since traders can choose to post any kind of trade, there’s 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 overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Penny Stock Framework
What we do mean”yes” is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock Framework
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the “My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
