Stock trading is an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you are always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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 Mergers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are starting out and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the students and newsletter writers and secondly) giving everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Penny Stock Mergers
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show your worth to a group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can choose to publish your trades, verified or otherwise, through photographs. In Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms along with email and text alerts 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 involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their combined years of experience. Penny Stock Mergers
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most famous 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 and penny stock trader 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 packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock Mergers
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features 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 have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s break down 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 those who are new to the trading world. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re interested in gain access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that could be a disadvantage for those who are eager to try this new tier. Penny Stock Mergers
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be 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 those is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. 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, it is seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be laid back and not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. Additionally, they can choose from the items in its online store to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that should not be viewed as a joke.
For the traders with decades of experience in 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 adept at handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Penny Stock Mergers
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its users
- As traders may opt to open any kind 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 risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it’s 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 intended to be created for this reason. Instead, you need to have an open mind. Penny Stock Mergers
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might discover Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Mergers
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you post 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 downvotes from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
