The stock market can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. If you’re immersed in the water You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. We’ll be taking the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Reviews
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept Sykes said served two objectives: one) creating public track records for not just the gurus and newsletter writers and students, and 2) giving all users to be enlightened by the losses and wins for the trading industry’s benefit. Penny Stock Reviews
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed at achieving success. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to show value to a large group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of experience. Penny Stock Reviews
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and 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 package. At $149.95 per month, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “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. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Reviews
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit 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, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use a majority of features from the novice plan. It is in this plan that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which might be a drawback for those anticipating this level. Penny Stock Reviews
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes a 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge 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 laid back and less engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout 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. They’ll also be able select from the products on its store online to carry with them wherever they be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Reviews
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, it is best to keep curiosity. Penny Stock Reviews
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might 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 poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ Penny Stock Reviews
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
