Stock trading is an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were your peak. If you are constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your improvement in the industry. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Robin Hood
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 permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as 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 learning and education platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Penny Stock Robin Hood
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed toward success. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities 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 subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to prove that you’re worthy to the group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you may opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly are the vast number 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 email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access capital 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 through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Penny Stock Robin Hood
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most famous 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, such as swing trading alerts and unlimited access to a library of over 7,000 educational 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 swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Penny Stock Robin Hood
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that might be a drawback for those looking forward to this tier. Penny Stock Robin Hood
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist 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 taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One might be a laid-back person who is rarely active, while another may be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. Additionally, they can select from the products on its store online that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to develop their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Penny Stock Robin Hood
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Penny Stock Robin Hood
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck could 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 only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Robin Hood
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade section of the dashboard that lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
