The stock market can be a high-stakes game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you are immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll take the time to 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 Screener
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) making public records for not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Penny Stock Screener
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. You may set up an account there for free, but you’re limited to the ability to navigate through 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 it is necessary to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join 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 previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could opt to post your trades, verified or not, via pictures. In Profit.ly is the huge selection 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 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial amounts of money through their years of expertise. Penny Stock Screener
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which 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 moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under 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 trading earnings. Penny Stock Screener
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition you’ll also gain an access to high-quality research papers and the 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 field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using 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’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you can create a private profile for sharing with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this might be a drawback for those who are anticipating this level. Penny Stock Screener
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount when billed annually 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 see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these features, 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 a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs 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 library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be a laid-back person who is not very often active, while another may be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. Additionally, they can select from the products from its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Penny Stock Screener
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep an open mind. Penny Stock Screener
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Screener
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.