Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you’re always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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 Robinhood
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Penny Stock Robinhood
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a group of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can decide to share your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts 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 trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because they can access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create 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 helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Penny Stock Robinhood
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts included 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes 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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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Penny Stock Robinhood
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs 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. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
The list of 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 messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you do want to have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Penny Stock Robinhood
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a space where experts and their member traders can communicate 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 there. One of them may be laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at managing trading, the pros already understand how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Robinhood
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and services offered could be too much for most of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Penny Stock Robinhood
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Robinhood
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard that allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities left and right.