Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your best. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. This review will be taking a look at Profit.ly, a well-recognized 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 Platform
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network 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 however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Platform
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re looking 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 deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to show value to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could opt to post your trades, verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus in 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 involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing 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 most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of expertise. Penny Stock Platform
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who 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 take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on 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 most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Platform
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown 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 an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can create an account that is private to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics this might be a drawback for those looking forward to this tier. Penny Stock Platform
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off for billing annually This plan offers it all. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may go. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Penny Stock Platform
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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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’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Penny Stock Platform
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Platform
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 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 opportunities on the stock market both right and left.