Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. We’ll take an in-depth 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.
Total Rating: 4.1/5 Penny Stock Newsletters
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable 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 an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The idea was, he said, serving two goals: 1.) making public records for not just the gurus and students and newsletter writers and secondly) allowing all users to be enlightened by both losses and wins to benefit the industry of trading. Penny Stock Newsletters
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared at achieving the success of their business. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest 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 offerings that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at the performance of the trading community and its gurus. It’s not just a way to show value to a group of traders, as you can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or not, via photographs. Included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for openness, 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 sweet inclusions is the vast array of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Penny Stock Newsletters
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
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 invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Newsletters
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. This plan allows that you can create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Penny Stock Newsletters
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, and 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, where customers can 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 site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One might be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to develop their trading skills. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Penny Stock Newsletters
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of services that the platform can provide
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Penny Stock Newsletters
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s variety of resources to be helpful when they try their best to avoid loss and perform better than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Newsletters
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s dishonest in posting 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 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 using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.