The stock market can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were at your most productive. If you find yourself immersed in the water You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. We’ll take the time to 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.
Total Rating: 4.1/5 Penny Stock Sites
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea Sykes said served two purposes: 1) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Penny Stock Sites
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward achievement. You can create an account on the site for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at their performance as a trading group as well as its experts. You’re not just allowed to prove your worth to a group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you can decide to share your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading can be seen as an avenue for small businesses to transition to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Penny Stock Sites
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts were 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts as well as unlimited access to a rich 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 alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Sites
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. 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 have access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can create an individual profile that allows you to share with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those who are looking forward to this tier. Penny Stock Sites
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating your own private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able select from the products in its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that this is a high stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the risky mix that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Sites
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many services that the platform can provide
The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Penny Stock Sites
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources useful when they try their best to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Sites
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.