Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your best. If you’re always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance within the field. This review will take 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 Price
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of 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 honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Penny Stock Price
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared at achieving success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking 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 offers, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show value to a large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, verified or not, via photographs. In Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to 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 is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Penny Stock Price
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: the founder as well as penny-stock trader 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Price
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting 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, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for those who are anticipating this level. Penny Stock Price
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One might be more laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this 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 suitable to the newcomers. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Penny Stock Price
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready 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 authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to improve their ratings 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 offer
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The Final Verdict The Final Verdict: 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 this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Penny Stock Price
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Price
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.
