Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your peak. If you’re immersed in the water it is important to realize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the market. This review will take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Penny Stock Patterns
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
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 ensures that the trades are valid and won’t accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Penny Stock Patterns
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. You can create an account for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, via pictures. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom as well as 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence 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 and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of 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 learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their combined years of expertise. Penny Stock Patterns
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 most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase of 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 as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Patterns
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs 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 levels that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $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 account, making your personal information public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from a majority of features from The Novice package. This plan allows that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which could be a problem for those who are eager to try this new tier. Penny Stock Patterns
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of other services they offer. One of them is the online store, which lets users select from a variety of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Patterns
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Penny Stock Patterns
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful as they do their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Penny Stock Patterns
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your 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 if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.