Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the market. We’ll be taking a 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. 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
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not 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 his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Penny Stock Index
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. 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 credibility of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as 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 guru who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place for 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 wide range of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their combined years of knowledge. Penny Stock Index
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, 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 Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Penny Stock Index
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for 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 in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you can set up an account that is private to share 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 will do what the name implies catering for those looking to improve their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this could be a problem for those anticipating this level. Penny Stock Index
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage from 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 are probably familiar with the chat room since you can find it throughout 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 space where experts and their members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be laid back and rarely active, while another may be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a risky 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 for them as it is for those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Penny Stock Index
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Penny Stock Index
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources useful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock Index
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market all over the world.
