The stock market can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could 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 instinct and survival is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth within the field. This review will be taking an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Strategies
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people new to trading 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 to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving all users to learn from both losses and wins to benefit the industry of trading. Penny Stock Strategies
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed toward achievement. You may set up an account at no cost, however you’re only limited to having 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’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove value to a community of traders, as you can also use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or not, via photographs. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” Then, he 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 trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial profits through their years of expertise. Penny Stock Strategies
At its peak, 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 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 take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Strategies
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base 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. Additionally you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use a majority of features from the novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Penny Stock Strategies
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the chat room as you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be laid back and not very often active, while another may be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, 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 as well as their members. Additionally, they can select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks along the way.
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 at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Penny Stock Strategies
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of services that the platform can offer
The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have curiosity. Penny Stock Strategies
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Strategies
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.