The stock market can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were at your peak. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your improvement in the industry. We’ll take an in-depth 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 Scams Definition
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all 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 created years ago by the penny stock trade expert 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 motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Penny Stock Scams Definition
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You can create an account 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 ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to show that you’re worthy to the group of traders. You can also use 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’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, via pictures. Also 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 connect with your gurus through the chatroom along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of openness, 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 amazing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of expertise. Penny Stock Scams Definition
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: 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 the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll 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 purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for 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. It costs $149.95 monthly, it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “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 all-time trading earnings. Penny Stock Scams Definition
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. In this plan, that you are able to create an account that is private to share with other associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats this might be a drawback for those looking forward to this tier. Penny Stock Scams Definition
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, with 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating 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 an option that gives all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, which lets users select from a variety of video products created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and rarely active, while another might be more online and communicative with their 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 wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading but the experts already know the way it functions and the risky mix associated with it. Ideally, they may use Profit.ly’s array of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Penny Stock Scams Definition
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous services that the platform can provide
The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Penny Stock Scams Definition
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources helpful as they do their best to avoid loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Penny Stock Scams Definition
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the “My Trade category on the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.