Stock trading can be an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your peak. If you are always in the mud You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement in the market. This review will be taking the time to look at Profit.ly is a well-known 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 Profit
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey 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 variety of tools for 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 an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form 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 it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Penny Stock Profit
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared towards achieving success. You can create an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not only a chance to demonstrate value to a group of traders. You can also utilize Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or not, via screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Penny Stock Profit
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus 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 we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Profit
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, 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 an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for those anticipating this level. Penny Stock Profit
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased 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 and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be laid back and not very often active, while another may be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to select from the products in its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to 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 many years of experience down the road, we consider Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Penny Stock Profit
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including 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 that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Penny Stock Profit
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Profit
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the My Trade section of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing 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?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
