The stock market can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your growth within the field. In this review, we’ll take a look at Profit.ly is a well-known 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 Scanners
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are just beginning their journey 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 array of options for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been prior to.” The concept, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter authors and students as well as) making it possible for anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Penny Stock Scanners
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward success. You can create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus via chatrooms along with email and text alerts 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 trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as 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, made an estimated $6 million profits during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of 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 sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Penny Stock Scanners
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most famous gurus included 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Scanners
The Superman Alerts package is his package of vital 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 as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you are able to create an account that is private 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 caters for those looking to improve their skills in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a problem for those looking forward to this tier. Penny Stock Scanners
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of 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 offers a number of additional services that it can offer. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be more laid back and less active, while another might be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works along with the risky mix that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Penny Stock Scanners
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- As traders may opt 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 may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep an open mind. Penny Stock Scanners
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Scanners
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on 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 on the stock market all over the world.
