Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were your peak. If you’re immersed in the water You will need to realize that relying on pure instinct and preservation 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. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your improvement within the field. This review will be taking an in-depth 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.
Total Rating: 4.1/5 Penny Stock Rally Sydney
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Penny Stock Rally Sydney
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate your worth to a group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, whether verified or not, via photographs. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency, 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 sweet inclusions is the wide range of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made significant amounts of profit from their collective years of knowledge. Penny Stock Rally Sydney
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: Founder and penny stock trader 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 provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, text, e-mail, 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 program. At $149.95 monthly, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Penny Stock Rally Sydney
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included 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 get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders this might be a drawback for some who may be eager to try this new tier. Penny Stock Rally Sydney
Pro Plan
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, which includes an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. All of the products featured in this section of the site can 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 about penny stocking, short stocking, and all other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and not very often active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. Ideally, they may use Profit.ly’s array of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Penny Stock Rally Sydney
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting 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
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by 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 the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Penny Stock Rally Sydney
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and be more successful than they did 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 really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Penny Stock Rally Sydney
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade category on the dashboard which allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.
