Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were your best. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. This review will take an in-depth 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 Software
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Penny Stock Software
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward achievement. You can create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to show your worth to a community of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, verified or not, via screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms and 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 openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. Penny Stock Software
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Software
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market updates in real-time, as well as SMS and e-mail 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 Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for 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 entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats, which might be a drawback for some who may be looking forward to this tier. Penny Stock Software
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, and an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Think of 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 caters to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that trading is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock Software
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep curiosity. Penny Stock Software
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources useful in their efforts to avoid losses and perform better than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Software
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on 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 trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
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 app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.