Stock trading is a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to return to the point you were at your best. If you find yourself immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing 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 found an online platform that will help you to improve your performance in the industry. This review will be taking an in-depth 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.
Total Rating: 4.1/5 Penny Stock Scam
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 enables traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as a social media site akin the likes of 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 for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on showing every trade, something that has never been previously done.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Scam
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range 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 leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
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 have an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove your worth to a group of traders. You are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account and other methods to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Penny Stock Scam
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. When we take that into account, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, as well as texts, emails 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. Priced at $149.95 for a month it is a great option for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including 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 name “Superman,” is a swing trading professional with an eye for both 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 total trading earnings. Penny Stock Scam
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information 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 daily video lessons, which include the growing collection of other previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you are able to create an individual profile that allows you 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 does what the name suggests catering for those looking to harness their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to see the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Penny Stock Scam
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all 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 for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other 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 can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be a laid-back person who is not very often active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. Ideally, they may utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Scam
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you should have curiosity. Penny Stock Scam
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Scam
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
