The stock market can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to return to the point you were at your peak. If you’re constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly is a well-known all-in-one 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 Fund
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” This idea Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) making it possible for everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Penny Stock Fund
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You can create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to show that you’re worthy to the large group 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 veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through photographs. In Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move to a market that is larger as it gives them access to money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a 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 show “Wall Street Warriors.” He took advantage of it to establish trading rooms, 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 to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit through their years of experience. Penny Stock Fund
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts 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: the 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 the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on 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 as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Fund
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “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 Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their trading skills. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to view the statistics of other traders, which could be a problem for those who are looking forward to this tier. Penny Stock Fund
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to pick from a range of videos designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and scenes taken from events like 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 array of services and features. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be a laid-back person who is not very often active, while another may be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. Additionally, they can select from the products on its store online that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as adept at managing trading but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Penny Stock Fund
Profit.ly’s Pros and Pros and
- Profit.ly’s many 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 provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep curiosity. Penny Stock Fund
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Fund
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.