The stock market can be an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your peak. If you’re always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. We’ll take the time to look at Profit.ly A well-respected single-stop social platform to trade!
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.
Total Rating: 4.1/5 Penny Stock Platforms
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Penny Stock Platforms
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed 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 leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join 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 previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, 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 trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “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-scale businesses to make the transition to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, 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, earned over $6 million of profits throughout his illustrious career as trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of experience. Penny Stock Platforms
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the prominent experts were 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has 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 total trading profits. Penny Stock Platforms
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that could be a disadvantage for those who are anticipating this level. Penny Stock Platforms
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month with a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes of events like 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 variety of services and features. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Penny Stock Platforms
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, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Penny Stock Platforms
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Platforms
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade category on the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.