The stock market can be a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were your best. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving 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. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Penny Stock Online Brokers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Penny Stock Online Brokers
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward success. You may set up an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, but you can also use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you may decide to share your trades, whether verified or not, by taking pictures. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account, and more ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading is an avenue for small companies to move into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of experience. Penny Stock Online Brokers
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the most famous gurus 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: Founder of the penny stock market 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock Online Brokers
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “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 through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you are able to create a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders that might be a drawback for those anticipating this level. Penny Stock Online Brokers
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips 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 included in Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be more laid back and not very often active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the risky mix associated with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Penny Stock Online Brokers
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You will receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its users
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Penny Stock Online Brokers
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources useful as they do their best to reduce loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Penny Stock Online Brokers
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.
