Stock trading can be an exciting game with high stakes. On some days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were at your best. If you’re always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your improvement within the field. In this review, we’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Movie
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is 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 traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two objectives: one) making public records for not just the gurus as well as newsletter authors and students as well as) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Penny Stock Movie
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile and other methods to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of experience. Penny Stock Movie
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and 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 version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Movie
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats this could be a disadvantage for those anticipating this level. Penny Stock Movie
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But 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 way in running their chat rooms and dealing with the listed members. One might be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they go. You can also get 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 an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Penny Stock Movie
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Penny Stock Movie
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could find Profit.ly’s variety of resources helpful when they try their best to avoid losses and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Movie
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.