Stock trading can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known single-stop social platform to trade!
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 Runners
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all 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 allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The idea, he added, served two goals: 1.) making public records for not just the gurus as well as students and newsletter writers as well as) making it possible for everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Penny Stock Runners
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed at achieving success. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at the performance of the trading community and its experts. It’s not only a chance to show value to a community of traders, as you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of knowledge. Penny Stock Runners
At its peak, Profit.ly had housed up to five gurus, all of them a pro 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. As of this writing, there are only two gurus who 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, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Runners
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an account that is private to share with other associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders, which could be a disadvantage for those who are eager to try this new tier. Penny Stock Runners
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips of the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
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 excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock Runners
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many services the platform has to offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could think of the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Penny Stock Runners
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Runners
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade category on the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.