The stock market can be an extremely risky game. Some days, you could have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the market. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Index Fund
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Penny Stock Index Fund
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate your worth to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms 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 trader who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is a stepping stone for small companies to move to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Penny Stock Index Fund
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who 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 take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Index Fund
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much 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 trading community. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their trading skills. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics that could be a disadvantage for some who may be anticipating this level. Penny Stock Index Fund
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be more laid back and not very often active, while another may be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able choose from the items in its online store for them to take wherever they may travel. They can also gain hands-on experiences by trading through the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Penny Stock Index Fund
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- If traders decide to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately 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 could come up with an appropriate answer for this query, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Penny Stock Index Fund
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Index Fund
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.
