Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. We’ll take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Market App
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts as well as newsletter writers and students as well as) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Penny Stock Market App
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to demonstrate value 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 in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. 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 a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit through their years of experience. Penny Stock Market App
At its height, 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 as well as a handful of others. At the time of writing there are only two gurus who remain on this 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 take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Market App
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package 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 will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from a majority of features from The Novice package. This plan allows that you can set up a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their trading skills. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Penny Stock Market App
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users select from a variety of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be a laid-back person who is less active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to choose from the items in its online store to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can learn from the experts and experts , and use 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 similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Penny Stock Market App
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Penny Stock Market App
What we 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 losses and be more successful than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great choice to start.
FAQ Penny Stock Market App
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.