Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to get back to the point you were at your peak. If you are immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your growth in the industry. This review will take a look at Profit.ly A well-respected 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. 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 Options Trading
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources for communication and trade that help 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 this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) giving all users to learn from the losses and wins to the benefit of the trading industry. Penny Stock Options Trading
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed toward success. You may set up an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll 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’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as 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 for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their combined years of knowledge. Penny Stock Options Trading
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
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 on iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Options Trading
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their expertise in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those who are looking forward to this tier. Penny Stock Options Trading
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans.
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, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users pick from a range of videos designed to inform and guide you through 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. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members there. Some may be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items from its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Penny Stock Options Trading
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- 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 whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Penny Stock Options Trading
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Options Trading
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It lets you record your trades, either verified or otherwise. There are 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
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.